If not, you will be a "pure" investor looking for return of capital and return on capital.

You can get a near enterprise network system for a relatively cheap price (maybe $350-400 in capital outlay) and then manage it in the cloud.  

Let me know if that has any interest to you and let's go from there.Unless and until you have the basic data needed to run pro forma analysis to determine the highest and best use of the property to determine its performance and capital stack, you are left with "guess work" insofar as really knowing exactly what financing means.In no way did I mean to insinuate that you were an idiot and given your credentials, this is clearly not the case.

Thanks Patti.Alf is slightly different from a group home.Fun and a great way to raise capital

If it's owner occupied, there is the $250K single, $500K husband and wife capital gain exemption. 

.), as I do not have much available capital. 

As others have stated, you're only allowed to depreciate what you have capitalized into basis.Another way to think of this: are you allowed to capitalize and depreciate appreciation every year? 

I have experienced the issues landlords go through like unforseen evictions and capital expenditures.

Stockton was capital of foreclosure of America then.

@Sean DawsonIf your thinking about doing it in Columbus it might be difficult given the market conditions..I think in most cases besides eating capital gains seller would prefer a lump sum of cash at closing..Sellers would consider a take back note if they have difficulty selling the property, hiding a deficiency or need to unload it quick..