I still am awaiting pre and post rehab photos as well as the details of the lease.I have high hopes for cash flow on this property, and who knows, I may continue to have this type of property in my portfolio in the future, but I will be looking elsewhere to ensure that I'm getting solid investment for my money and that I'm getting better service along the way while I look to build my own team / systems for investing.

Even though rental properties can be somewhat passive, there are still things to keep an eye on, like collecting rent, making sure utilities get paid, ensuring property management is doing their thing, etc.

•Ensure you have a vetted and trustworthy team.

Focus on Positive Cash Flow: Given your goal of ensuring positive cash flow, look for small multifamily properties that require moderate rehab.

And as accountants you use it to build a complete picture and ensure completeness. 

MAYBE HVAC, but that is less clear because the total cost of ownership of a very efficient system might not be that much better than a mid-grade system these days.

This can make the real estate investing process and management more efficient and less burdensome.Here's an article with additional FAQs on cost segregation studies that you may find helpful. https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faqAre you streamlining your services?

I average these two numbers and use that as a baseline, adding a reasonable buffer to set the threshold.This approach helps ensure that tenants don’t feel micromanaged but also protects you from excessive utility usage.

In return, we ensure the tenants treat the property as their own and respect the space they live in.

It's designed to ensure someone nearby can manage things responsibly.Your plan to hire a local person for emergencies and other tasks is a great workaround.