The home is in very good shape, and I don't think it needs much more than carpet in a couple rooms, and some fresh paint - I'm expecting no more than $2000 in rehab and minor touch ups.

Assuming all is well, you will need to arrange to have any dry AOMs recorded, including the AOM which assigns the mortgage to your business entity.  3) I recommend getting a field call scheduled so you can get a fresh read on the occupancy and condition of the collateral property. 

(it's pretty fresh)and the promotion to the audio of the 2012 conference is just a promo. 

However, since you changed out the boiler  and the components to make it individual systems, that will be an adaptation or betterment, and your accountant may confirm it was a Capital improvement.Unfortunately, the Bonus depreciation extensions ended at the end of 2013.You might investigate whether there is some way that your new system qualifies for a MACRS accelerated  depreciation.

I am curious is to how to find a lot of the properties when they are fresh?

Its fully updated now, hard wood floors, porcelain tiles, new windows, fresh paint, new front door, updated bathrooms, etc.  

In areas where the rental market is strong and purchasing rate is low, it makes sense to investigate the buy and hold market, right?

I'll do some further investigating and report back.

., tax assessor's office, drive-by, investigation of environmental concerns.

Running toilets are the biggest culprits.If there is no water leak, then you need to investigate what is causing the extra water usage.