But someone knowledgeable needs to be doing the actual "books/reporting/number crunching" so you definitely compliant. 

I'm just super new to crunching the numbers for investment properties so there is a lot for me to learn here. 

You've already crunched the numbers and proven the point.

You will be able to crunch the numbers better than anyone since you are the only one with the real numbers.

@Jason Benson - Use the BiggerPockets Flipping calculator to crunch your numbers and see what offer you should make.

My .02- while you are researching options and crunching numbers, consider putting it in a high-yield savings account.

Thoughts on how I should adjust the numbers that I crunch regarding capex (first that comes to mind) and other?

Because come the next credit crunch, SELLING condos will (again) be especially hard!

We buy an average of one a week, our analysis takes about 15 minutes of walk through and number crunching to determine our MAO.

I am a mechanic or engineer- my background is in the construction fields, I owned my owe business for 12 years and lost it all in the last market crash and said I would never do what I did before- now I am at a hospital working in engineering- I do have a rehab but my stamina is a little less than what it was 14 years ago- I'm thankful for my day job but I know its not where I want to be so I feel the pain- the biggest thing you got to do is find the right deal- something your day job can afford ie.. rehab, foreclosure a deal that makes sense- bite the bullet and buy it- you will have to get dirty, do the work your self and don't fall in love with the property, find the best market move for it and get rid of it or keep it as a rental, do it againkeep crunching numbers and looking at properties one will be there for you there everywhereGood Luck!