The problem with that is two-fold: first there are likely existing assets that are not replaced that qualify for shorter asset lives so you're leaving money on the table, and second you have no cost basis for the removed assets replaced in the remodel as they're intertwined with the initial building cost basis so you'd technically still be depreciating retired assets which is tax fraud. 

I know most wont do that but rental income to me is not going to move the needle when your main income is real estate fee's and building homes etc hard to get excited about 200 a month :) 

I am concerned the area I purchased in 32148 won't see as much appreciation compared  to a purchase in another surrounding county.

My particular cities & counties also do not have any laws about it, either.

x 12 months: $7,488With Depreciation (lets take the 30 year, not worry about re-coup costs, and assume the value is all in the building and none in the land) ~3,333, add in the fact that you have a tax shelter (~$3,000) You've effectively made $15,000Pay off in 24 months: Now lets keep the math simple and pay off 1/2 of the remaining mortgage:  69,000 / 2 = $34,500 - $15,000 = -$19,000!

By the time I finally did my first one ( 90 home build and sell project) I made sure we had no debt on the underlying assets and only took debt on to build the homes plus huge reserves..

Go to the city or county auditor or treasurers office and ask them.  

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I have an office in Old City (Center City) and invest in student rentals (175 student beds).I would be happy to connect with you on a gameplan to build your portfolio and getting pre-approved!

And you would continue to cash flow, build more equity, plus reinvest the $20K.