Also check out webinars by profit coach, Evernest, Lead Simple, Peter Lohmann, Wolfgang Croskey, and I know there are a few others, but thats a good place to start. 

But now managing my own stuff and now managing for other people, property management companies aren't these huge profit centers unless the company has crazy efficiencies or they nickel and dime for you for every last thing.

They typically create an LLC operating agreement to define roles, profit shares, and responsibilities.

Have you read Profit First by Mike Michalowicz?

It's definitely motivating helping other investors buy and sell and seeing what kind of profits are possible.

What sites/software does anyone recomentd to collect rent, anyone have like a template of an excell sheet I can use to get organized?

We’ve been serving our clients for 18 years and have generated over $300MM in profits by investing in the Jacksonville, FL real estate market for those clients.  

If by Adult Family Home you mean a non-medical "assisted living facility" (ALF), these can be quite profitable. 

Regarding preference of red vs blue, for many, it's not about profit and more about values and/or peace of mind (i.e., housing a squatter is infuriating).

How might this decision impact the overall investment strategy and long-term profitability?