I would watch out for caveats with the strategy, and double check it of course, but I think this is just a "pull out excel" type of solution and compare the ways to go about it. 

So now you open your excel sheet and type in the numbers to calculate if you had a loss or profit.

So I have excellent experience with tired landlords. 

Everyone has their own process, but I recommend starting in excel with a unique ranking system based on the inputs that concern you the most.

Excellent points Frank!

Based on the information I can find and an Excel template I am using it would suggest this property is a 9.3 cap and would have cash flow after expenses of around $3000 per month.

Excellent write up!

I have seen some of these "Bookkeepers" who have a set price and then get VAs to do a lot of the work and they send pretty Excel financials over to make it look like they are great but they don't actually know the concepts and how it all flows together.

I started out managing everything in excel, then switched over to QuickBooks Online at 3 properties.

The presumption is that legal entities are excellent tools, as long as you follow the corporate maintenance and corporate formalities.