I'm concerned about the notion of making it for personal use. What are the ramifications of that.....I believe that this wold then block the use of a 1031 exchange. Since the property is in a different state, I wonder how making it for personal use might come back to haunt me.
I never plan to sell the property. I may in the future rent it out, or exchange it via 1031. My heirs will end up with property or its exchanged successor. So the depreciation is likely a don't care
