I added $20k to that to be safe and estimated $100k.I started at $330k and took off the $100k rehab and $10k carrying costs (interest only LOC and taxes, insurance, etc.)

I had never missed a payment and had millions in total loans, so I thought that I was safe. 

I couldn’t stand watching a portfolio of this size lose its relative value because it was 100% “safe”.

Here's how it works in a nutshell according to IRS Pub 946.Consider depreciating rental property costs that may last > 1 year and aren’t eligible for De Minimus Safe Harbor (more on DMSH at a later time).You cannot depreciate the cost of land because land does not wear out, become obsolete, or get used up.

If it is normal and it's out of budget for you, you can either use financing to lower your cash outlay, partner up, or find a different property.If the work is cosmetic, it wouldn't be a big issue to tackle on your own, but if it's more than that, probably best to play it safe and hire out.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

Expenses AFTER the in Service date are then considered for repair vs improvement and then applying De Minimus Safe Harbor considerations.So frustrating to be the only tax professional commenting on this thread that is waving her arms and say HEY!! 

Clackamas county (slightly less expensive) or Washington county (intel,Nike,Apple,Microsoft) these tech companies have increased the cost of living and house prices  (it’s higher than downtown pdx) but the neighborhoods are good and safe. 

The pictures look nice, and a drive-by didn't trigger any immediate red flags, but I am budgeting for the worst just to be safe.   2) How would I go about making sure the title is clean?

Preserved for future generations as a way for the average income earner to build wealth over time and provide a clean, safe place to live for other people.We need more units constructed.