Primarily this applies to when one took bonus depreciation on land improvements, or in the case of nonresidential property, qualified improvement property.The one type of depreciation recapture you can defer with an installment sale is "1250 unrecapture" - this is that typical 25% depreciation recapture rate that you think of, which is the depreciation recapture on the straight line building and/or straight line depreciation on something like the previously mentioned land improvements or qualified improvement property.Allocation of the sales price is incredibly important here. 

But in Florida, we also have the "save our homes" 'grandfathering' where they can only increase the taxes by a certain percentage each year.  

Try looking at nearby comps of decent homes not fixer uppers.Rentometer - I never found these to be accurate.

@Renee Jones not sure how much you need but if you have equity in your home or another piece of real estate you could tap that.

Since you are using the property and renting, you'd want to look into a second home or vacation rental loan programs.

I have lived in the property for more than 3 years and we have been the only occupants in the home since it was built.The potential cashflow isn't the best but our primary goals were to build up the equity in the home to be able to potentially purchase other properties in the future with the chance that we may return to the house in the future.The property is in the Castle Hills area in the northern side of DFW which for those who don't know is generally a neighborhood with higher income tenants. 1. 

The home is a 2 bedroom/1bath - 816 square foot home.

AI will be able to construct homes at near zero cost.

To be honest I've always dreamed of a second home in Hawaii and STR is kind of an afterthought and nice way to cover some of the mortgage expense.  

There's the commercial corridor on Lancaster that will hopefully improve over time and be a benefit, and lastly, these are nice wide blocks with parking on both sides of the street and wide sidewalks so they feel nice and inviting and there's no drama on these blocks, very quiet.