Further, Detroit was running a large net in migration.  

A simple 5% return per year gets you $50k/year...and you still have the $1M to adjust to inflation by reinvesting into different vehicles along the way.Focusing on taking the long term returns ($$$/year) can be a better choice, but you have to look at the long term impact with all your options, compare them, and then make a choice.Do you think they teach that in school now? 

You'll be one of the wealthiest people you know by the time you are 40.As you gain experience, you may discover you hate dealing with tenants and this is the wrong vehicle for you to build wealth.

get quotes, run the numbers.on the addition - it's almost definitely not worth it, i suspect the time to pay the costs back for the increase in rent might be decades or longer. 

For those managing rentals out of state, how do you ensure everything runs smoothly?

However if you've lived in your first one for a year, you're not likely to run into any problems.

I have many years of construction experience and have also done a fix and flip, in addition to ground up construction, as well as 10 years of entrepreneurial experience running a paddle board rental company, and advancing science through developing theoretical methods for efficient large scale simulations...I guess my problem is I can't seem to figure out how to find the money to do more projects, which is why I've been trying to sell my house.

Saving up for a better property might take time, but it could be worth it in the long run.- Consider using tools like the BiggerPockets calculators to run numbers and see what kind of cash flow you can expect from different types of properties.1.

Currently I run QuickBooks, but their claim is there’s no need for QB as their accounting and reporting is a QB replacement.Should I be running QuickBooks along side Buildium or ditch QuickBooks and solely use Buildium?

I had some experience on long-term rental out of California, but I know running short-term is a different story.