Calculate the After Repair Value (ARV), or the expected market value following repairs, and estimate the expenditures associated with those improvements.

OP also gains from appreciation and eventually recaptures principal and capital expenditures.

Repairs vs. capital expenditures.- Find out how long the provider has been doing cost segregation studies and how many they have performed - Consider the resources available to the provider. 

Hemlane offers property management through our innovative model where we send 100% of the rent to you so that you can control and approve expenditures as well as have full transparency into the day-to-day so you always know what's going on and can make key decisions. 

You either spend the time categorizing your revenue and expenditures as you go (easier) or at the end of the year (harder IMO).

Cash flow is not a myth.If you properly budget for your expenses, including capital expenditures(Roof, HVAC, furnace, etc), then you can rely on the cash-flow.People who say cash-flow is a myth are normally people who say things such as 'we had to pay for an unexpected roof'

Multifamily is great for spreading out capital expenditures between mulitple units and living for less out of pocket each month.  

It was very effective when I was trying to count calories.

I use Baselane and even though it's very simple to set up accounts and to have dedicated credit cards for each property, I do have to watch very closely that the deposits and expenditures go to the right account so I don't leave myself short anywhere.

Conversely you are assuming the risk of maintenance, cap ex expenditures, and rising costs like insurance, taxes etc.