I've been a Project Manager in the Oil and Gas market for over a decade.

leading me to believe that this situation is only valid if we are sole proprietors or in partnership  (but I have an LLC).  

Or even if the above question is a valid and logical one where I am comparing potential returns to practical and actual returns... profits that may never realize. 

I disclosed that information because I could have easily stopped looking for properties and used that as a valid excuse.

@Eric Smith all things being equal, you do have a valid point.

The property is worth 210k and I owe about 140k on it.I have another 80k saved up and would like to put about 60k towards my next property (leaving 20k for emergency funds, rehabs, personal fund etc.)I have zero debt (no student loans, no car payment) outside of the HELOC I had to purchase the first property I stated above and most of my living expenses are paid by my employer (car, gas, cell phone).I am based out of Central Pennsylvania and am looking to stay somewhat locally for my first few properties (Harrisburg, Camp Hill, Lancaster, Hershey etc.) and am not really interested in out of state investing.Just looking for some advice or input on what you would do next if you were in my situation,Any input and info would be greatly appreciated, Thanks!

It also gives you a chance to validate what needs to be repaired and give the homeowner the chance to realize it as well.

Other renovations included new roof, appliances, AC, flooring, lighting, paint, conversion of 100 amp glass fuse panel to 200 amp thermal CBs and the elimination of gas lines. 

Hey Tyrone Watler im new as well i haven't tied down any deals as of yet but I didn't spend money on leads I did D4D (Driving4Dollars) and i actually got a few calls off of that...so maybe just gas the car up and do some canvassing u may find sumthn!

First, i would not furnish the places, it will probably get trashed, let them get there own furnishings and make sure that the lease says they must remove them from the property when they leave. i would have them pay for utilities, to an extent - have them pay for electric, supply the heat but give them an allowance for certain amount of months ( especially if you have older furnaces and they run on oil heat ) if they go over then you charge them for it. i converted mine to gas with new furnaces, i include heat in mine, but i control the thermostat ( online, thermostat is locked at the house ). i also provide water / sewer and free internet.