Equity comes from improving the property, raising the rents, i.e., making it worth more than when you bought it.

and or check for little improvement that might help you increase a bit the rent. like $10-$35 extra.

I'm purchasing my first personal home and I wanted to know what are yall's thoughts on buying a vinyl siding home versus a traditional brick home? 

@Travis WalkerOn a side note I don't really get the attraction to single family rentals versus multi units.

In some cases, especially when you work with corporations versus private tenants, you may not get payment for 45 days.NERVESAre you a worrier?

Make small improvements to the home that we are currently in so that we can rent it out.

I'd compare the cost of keeping the house versus what rents are in your area.

If it is in Portland, you'll also save about 40Kish in SDC fees with a remodel versus a new build.....so if you can get an income stream it may just be a wash in the end.

Depreciation- I am planning to do any improvements on this property and will be rented out day 1 of the sale.

Remember that when it comes to commercial leases, triple net leases are pretty common and they're a relatively simple way to deal with CAM/tax/maintenance/improvement expenses so that it doesn't come out of your pocket.