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Cool, thanks spludgey

Thanks Scott. Should I get a depreciation report 'for scrapping' before I begin anything?

Well, I don't know. Could be for the rest of my life. A few years at the very least. I don't make firm plans - reminds me of J Alfred Prufrock: 'I have measured out my life with coffee spoons.' But the general idea is to (perhaps) live there for 3 -5 years and do it up. Then move on and rent...

Still wondering whether to move into run-down property or keep tenants there. Either way, I have to renovate. Can you answer a few questions for me? 1/ Do I get a depreciation schedule asap even if it's me who moves in? Do I then get another one done if / when I move out and tenants move in...