All components of the SFH in good working condition and up to code or community standards. 

Attend your local real estate investor meet up groups and align yourself with seasoned investors and other real estate professionals who will take the time to guide you through your 1st deal or two. 

This would create both alignment and serve to limit your cost of capital.  

I am thinking of something like this:$102,000 - Total property cost when purchased$ 10,000 - Value of the land$ 23,000 - Value of 15-year and less depreciation schedule components based on guess at 25% of remainder ($92,000).-----------$23,000 - SWAG at value of bonus depreciation if study is done. 

Stick with the world gold standard in a Cook Islands Asset Protection Trust or the hybrid Domestic Component if you don't have a reason to go purely offshore with a connecting "migration" clause.

My suggestion is to attend local real estate meet up groups and surround yourself with honest professionals who will align you with the right partners.

This property aligns with the rest of the portfolio.

Align yourself with others who have done what you want to be doing and add value to them. 

Once we connect I can give you my time that I will be available and see if things will align.

I'm in Oregon and my thought process here aligns with multifamily so I would check the recent tenant/landlord laws and see if it applies here.