I know there are a lot of pieces to a topic like this but just wanted to get a discussion going.

Daniel Banks I’m not sure if what you’re suggesting in the original post is possible.It might be but if it is that’s a lot of moving pieces.

It was a good piece of knowledge.

Fortunately, we are continuous renovators, and we have several pieces of property that we have been able to purchase and rent with excellent returns.  

This is what I usually recommend for folks starting out.Then once you get a few units under your belt and looking to expand, I would suggest going with a more robust piece of software like Appfolio or Buildium. 

I'm piecing it together bit by bit.

All of this will have legal/tax implications and so I will stop there and suggest you find someone to take that piece on for you after you have the basics of your deal agreement on paper.

All great ideas....The only additional piece of information,  is that Florida is a legislative state and everything here takes a long time to run through the process of short sale or foreclose.My goals is find a way to help these people save what is left of their credit and make a sale.   

Keep in mind that while I have 3 pieces of property, I'm new to the concept of really buying as an investor. 

The issue is that you are dealing with two distinctly different products each having a different driving factor.SFHs are not specific built rental income properties, therefor the price is driven not by rent but rather by the whim of home buyers.