However, this home is located in a market that has enjoyed significant appreciation over the last 20 years and has seen significant investment in recent years to provide strong additional appreciation potential in the future. 

I'm not saying that some people can't make 20% annual returns, potentially for decades, but those people are extremely rare.

In an era marked by rapid changes in the commercial real estate (CRE) market, investors and property managers are increasingly seeking ways to future-proof their investments.

His stance is that there would be no point as any depreciation would just be carried forward to future years.  

This could be beneficial if the property is distressed or has issues.Usually the seller can ask for a higher than market interest rate.And the last reason is it increases your potential market. 

@Jonathan Lane your letter would not even be presented to my seller as we call them “love letters” and do not forward anything discussing family members or potential personal, not financial, reasons to choose yours over another offer.

My uncle told me I should go through escrow in the future to check for Liens, encumbrance, and title insurance; however I have not looked into what I need to do on my end now.

At my company we specialize in rental property management and we also would be happy to be a resource for tailored advice to ensure your future investments align with your financial goals.Feel free to reach out if you'd like to discuss further or if you were to need property management solutions in the future.

Any time we can make connections empowers us to disarm any future potential detractors. 

For example, I've recently encountered more potential 203K/renovation loan deals, which has led me to actively seek out HUD Consultant contacts.