Depreciation has several CLASS tables with different rates for each, used for things like appliances vs kitchen cabinets.The property per say is 27.5 years and is depreciated using Straight Line (simple average applied each year) or a Double Declining Balance method.see https://www.irs.gov/uac/about-publication-946

I jumped from safety, into the frying pain and straight into the fire! 

I would do a little bit of research first and get all of the facts straight.  

This is straight from our lender,Tabor Mortgage, here in Charleston, SC.

When I see the books I see all this money coming in BUT it goes straight away to another project or repairs.

Read, listen and watch everything possible for at least 30 days straight.  

An hour+ outside LA, straight up cash flow no hacking needed is possible as well.

The truth is, they know they can hire people straight out of college for one-third or less your salary who will do the work of four people and say, "Thank you, sir, may I have another?"

I keep my eye out on the MLS and the county auctions for potential Waukesha rental properties, but I've come to the conclusion that unless I dig a lot deeper, the rehab and sell or BRRR strategies are going to work better as an initial entry into the city than a straight rental.

You are young and it seems like you have your head on straight.