Your property manager should be supplying monthly reports and year end PnL reports that you give directly to your CPA. 

The process went smoothly, and I’m happy I got a tenant so fast, but the high supply of new builds in the area makes me nervous.

Atlanta MSA is great and growing, but Multi-Family supply coming on line there both now and through next year is significant, wouldn't this be a better/cheaper deal 1 year from now?

For one is that an appropriate price point for the supply/demand curve intersection?

About Westchester, NY:- One of the most expensive places in the US, maybe the world- Supply is VERY low- Houses are no less than like $600k-$700k, I'm also getting outbid a lot.- Now Foreclosures may be a good discount but at the same time I already know that there is aLOT more risk to this.I already have a real estate agent, a mortgage broker, and am getting connections to contractors and so forth.My few Questions are:- Do I need a real estate agent in this process for foreclosures?

Utilizing empty lot space in this way helps to combat the increasing housing prices and limited supply many markets have been experiencing.

Then I have a credit card to charge supplies and any utilities which allow credit card payments.

Is the option government supplied insurance where taxes supplement the insurance?  

As Mitch pointed to, on one hand, STRs are housing supply locally and will likely get looked at. 

We ended up having to dig up parts of the front yard to replace the main water line that connected to the city water supply to the home.