If it does not have a direct coloration to your bottom line there is no reason to spend money other than necessary maintenance. 

I'm not sure how we do this but I'd like to get to the bottom of it right now and either get a direct response from them or someone who has worked with them can tell us one way or the other

And this is near city center in Houston TX with plenty of land and appreciation.I try not to be a strict rule of thumb buyer but bottom line, unless it's an A or NNN deal, a property will almost never cash flow if it isn't a 1% deal. 

Things like appraisals, inspections, draw schedules and insurance requirements can REALLY affect your bottom line. 

Bottom line I could not have done it without my partners and the ability to borrow 10 plus million from my commercial bank for SPEC construction loans..  

@Josh Fuller excuse the brevity but the bottom line is do whatever you have to do to get your next unit, as long as you are able to manage and maintain both homes, that means keep them rented with good tenants and maintain repairs cost effectively.

If I was hung up on what it was worth a few years earlier at the bottom I wouldn't have locked in what in hindsight was a great deal.But as you said, in today's Orlando market, the majority of properties are more probable just to break even (or slightly negative). 

Hello, BP I have a property that I don’t have under contract but i have been researching and found a property that the owners are deceased and I have skip traced both of the owners relatives and still haven’t got down to the bottom of how I can contact who owns the property now, they are also behind on there taxes.

If you think about the command structure, there is only one guy at the top and a bunch of enlisted at the bottom.  

I recommend QuickBooks Pro DesktopYou can keep track of all your properties Income minus expenses giving you your bottom line per property by using the Class Feature in QuickBooks.