We refer interested analysts to the Statement of Cash Flows for the relevant accounting adjustments. 

Build it on excel is the best bet... you can adjust it for use in the future

If you do make offers based on that limited info, do you adjust your offer if, after looking at more detailed info like p&l and tax returns, the numbers are worse than anticipated?

I certainly understand your mindset, however I would go with the 2nd rental property rather than paying off the mortgage right away.You might initially have less cash flow, but rental income should increase while your mortgage payment should only be decreasing (assuming you don't have an adjustable rate mortgage).I also like the idea of having more than 1 rental property because, if each property is cash flowing like they should be, you have more of a financial cushion during periods in which one property is vacant.

Now if the ceiling fan has a broken blade, they would get charged. 

But knowing know (Thanks Dave) what I didn't know then, I will most definitely be adjusting my strategy going forward.

Expectations need to be adjusted for what this market offers.

It has adjustable torque setting for screwing or drill setting for drilling.

We are also sponsoring an event in March to address what changes or adjustments to our financial/business plans should be implemented.

Am I able to adjust (increase to current market value) the current tenants rent even though a contract is already in place with the previous owner?