Brian Hoyt The old school oil Kilz is good stuff.

You will get oil stains here and there over time.

Much faster in my opinion.If the wallpaper is in good condition and not peeling, you can alos paint over it with an oil based paint.

@Brian Stewart @Christie Gahan  Cleaned with mineral spirits, then painted with masonry paint.

See below:*****Florida Real Estate License Law requires that an individual who, for another, in Florida , for Compensation* or valuable consideration will need a real estate license if they perform any of the following when dealing with real property: AppraisesAuctionsSellsExchangesRentsNegotiates a saleAdvertises or represents as an individual involved in the real estate business, through either oral or written representationProcures sellers, purchasers, lessors, business enterprises or business opportunitiesCloses any transaction which results in or is calculated to result in a sale or exchange and who expects to receive ANY compensation or valuable considerationReal property or real estate means any interest or estate in land, or enterprise or business opportunity, including any assignment, leasehold, sub-leasehold or mineral rights.

Repairs do not have to recapture when you sell the house too.)UtilitiesPre rental expenses ( expenses incurred before finding a tenant )If you use your Car: This can include- oil changes, Maintenance, gas, repairs, parking, tolls, and depreciation.

I don't expect any major improvements for another 4 years unless oil production drops in the middle east from war or OPEC.Parts of Wyoming will have bad price drops, like Gillette. 

@Jen H.I have had luck putting oil primer on wall paper, followed with latex paint. 

But in terms of market timing the fact that Bakersfield is dependent on oil and ag could make this a great opportunity.  

@Patrick Martone-- Check out Telecom Site Acq, check out large scale PV Development and/or be an Oil & Gas landman for a while.