My next steps are to continue building a portfolio of solid SFRs and hopefully soon branch out into multifamily properties.

Remaining tax would be total taxable gain less depreciation recapture less PAL carryforward (from "unused" depreciation expense)Alternatively, could I not depreciate the property (which i did not do for the past 2 years in error and need to file amendments) and file a Form 3115 (application for change in accounting method) in the year in which I sell the property to catch up and claim all the the missing depreciation all at once?

If I read this rightGross Income Reported is $81900Vacancy 5%GIR-Vac @ 5% is $77805NOI $55805From what I can calculate that works out to a 9.71% cap rateWhich puts the est Property Value at $541,867 That's not too far off which is good.With the 50% method and using 10% Vacancy Rate, it drops the value down to $357,862 Gross Income Reported $ 81,900 Vacancy 10% GIR -VAC $ 73,710 NOI $ 36,855 Listed Cap % 9.71 Est Prop Value $ 357,862 Now again my math may be off but I think that you should be somewhere between those 2 numbers on price and of course that will depend on a lot of other factors and how conservative or aggressive you want to be with your numbers. 

Hi all,I currently rent, and am torn on what next steps should be. 

If you have enough cash you could go to auctions at the courthouse steps and buy a fixer upper. 

I don’t think that oil itself is a bad heating method.

My plan is to use Brandon Turner's "Stack Method" and acquire 8 doors this year, then so on. 

That said, I am very excited to embark upon this journey and I will not hesitate to pounce on the right opportunity.So if you were in my shoes, what would your next step be?

Most of our tenants use electronic payments methods.

Another method besides mentioned above for CA residents, though very convoluted and many steps is to put those properties into land trusts for privacy of ownership.