Would obviously have preferred to use a third party but this accomplishes exactly what I need - a birds eye view of the profitability each month without have to re-enter operational and tenant data into my own system when the property manager is already tracking this information. 

Another solid move would be investing in a fix-and-flip project, capitalizing on short-term profit if you know the market and renovation process.

However ever if the numbers are done correct, you can buy one for a good price, live in it for a few years then sell it at a profit ish (Covers what ever extra you paid into the unit) to then migrate to a home instead of renting.This is if you purchased at a good price.For investment only??

So, the real estate broker/agent would have to inform the seller of the fair market value of their home, making it much more difficult to earn a profit larger than what a real estate commission would be.  

Change in Financial Position: If the financial health of the business has improved (higher revenues or profits), it may be a good time to refinance to leverage that strength for better loan terms.6.

While it's exciting to cash in on a successful investment, the looming capital gains taxes can significantly cut into your profits.

This would be our first flip together, splitting cost and profit 50/50 with a hard money loan for what we cannot make up on our own.

@Lewis Kerwin, based on those pictures I'm guessing the PM has a dog in the race aka that they stand to profit from the re-paint they propose.

Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. 

either by increasing direct profits or creating growth or both.