I personally like lower depreciation amounts as I like to minimize that recapture on sale.But consult with a real estate CPA like @Natalie Kolodij for best strategy. 

I know a lot of people like to invest as little as possible but I want to have quite a bit of equity to minimize my monthly costs.

The advantage of going from 25% to 30% equity, or from 30% to 35%, is pretty minimal for good credit scenarios.

I think it funny when everyone (including me) recommends new investors start in the local market for the local expertise but opine on purchases in markets that they have minimal understanding (including me).We do value adds because they make sense. 

I've been seeing the impact this could have on housing and was curious on how to minimize risk from the buyer end.Income stable for now, hoping it stays that wayYes inspection was done with minor fixes which seller agreed to fix.Appraisal came back at the sale price 2 weeks ago, not sure covid 19 impact on appraisal- if any.

This will hopefully minimize any future issues you might have.

The 1031 fee is minimal in comparison.

I started out this downturn thinking we would bounce back quickly with minimal impact. 

Rehab was minimal How did you find this deal and how did you negotiate it?

In fact some finance gurus (JL Collins, excellent $12 book on Amazon called "A simple path to wealth") believe in not owning RE at all as a primary residence (as one strategy), you can be more liquid and free to move anywhere and rent anywhere at any cost you want, let landlords finance your living with minimal CAPEX cost (landlord pays for landscaping and plumber etc.)Just things to think about.