You should use the conversion rate for the date you paid. Going forward, you can use the conversion rate at the end of the year for all of your expenses that year, or you can covert each transaction as of the date it occurred.
Yes, you can depreciate the "full cost" of the condo. You can also depreciate the appliances, but you would depreciate them over 7 years, not 30. If any individual items were less than $2,500 you can expense them by using the DeMiniis Safe Harbor Election. And you can deduct your condo fees, cleaning fees, rental acquisition fees, etc. And finally, you are correct, you do not depreciate land, which is a moot point with a Condominium, as they are not fee simple properties.
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