.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

Even with the balloon, this is more typical for owner finance. 

I would also look at the availability of public water and public sewer, if not at the site how far away are those services.

So you would spend around $25-$30k a month (this was 15 years ago) on police details and require union gate and non union gate if you had non union workforce as well.In DC area, the utility providers are a huge challenge, whether getting permanent power, or water/sewer service etc - good luck.

It is typically lower than cash-on-cash and you can put it somewhere around 6% conservatively.

I self manage my properties and run a real estate based service business, I'm able to do bookkeeping for both using Baselane.I think you / your CPAs should try out a few softwares to see which one works best for you

Some of your requests may fall outside this manager’s standard practices, and customizing services for each client isn’t practical for most PMs.

This is not uncommon and actual more typical as it is based on sales price and even though the first appraisal was $130k the new one gets reset based on its recent sale and home prices are not up 10% over a few months.You are going to have a hard time getting a lender to use other comps compared to this home as it recently sold.

We know of a bunch of the servicers but curious of others have servicers they prefer.

The reality is the land has value.I believe you are typically far better purchasing a different property with conventional financing than adding an ADU.