(I know it's hard without seeing the full rent roll and financials, let me know if there's any other general details you'd need that would make you this "oh, that's why they offered that" kind of thing). 

While the repairs will temporarily affect rental operations, the long-term tax advantages from depreciation could help recover some of the initial financial outlay.In terms of negotiations, it would be wise to push for a larger price reduction instead of accepting a cashier's check, given the magnitude of the repairs and the expected loss of rental income during the downtime.

I had to review and argue expenses almost monthly on my financials.  

So, your tenant's financial situation remains stable. 

You can make more if you self manage, but that takes time to set up and there can be a learning curve that costs money.Our agents are well versed in providing full financial breakdowns of every property they look at.  

To solve this, I built a custom mobile app to handle rent payments and due dates because no other management software can handle the payment schedules or turnover.

@Sean Conroy, this really depends on two things: first, the land zoned in a way that you can subdivide and build more units (question for building/zoning department) and second, financial returns on doing this versus using the capital to buy.New construction certainly has its advantages on the operating side, and can often get a premium to remodeled, older units.  

What financial or general advice would you give to someone just starting? 

I'm looking at the different property management platforms and wondering if there are any that people LOVE that does all the property management stuff but also does a good job tracking the financials? 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.