Microsoft Excel, and most budget or free online bookkeeping isn't going to cut it in this situation.For the rental properties you own directly, I often tell clients and prospects that a P&L in Microsoft Excel is just fine and a balance sheet is not necessary for tax purposes. 

Its was a very nice payday indeed.Now I spent about 50 to 75k up front in marketing to pull that off..

If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

In Nancy’s model of a Kallimos Community (https://kallimos.com/), caregivers are able to manage multiple clients without down-time spent traveling.

I spent 6 years at a company that very inappropriately sold insurance (in my opinion).

Some people that my broker knows spent money on an attorney to draw up a contract who meant well but caused more harm than good.

I have spent 20 years climbing the ladder working for global corporations and that tends to always keep you challenged. 

I just spent two hours reading this thread in detail.

So, in theory one could get a 2:1 leverage, earning the rewards on $2 for every $1 capital spent out of pocket.     

@Jamie ParkerAppreciate the effort and plan you are taking - it part of every plan is to re evaluate to move forwardHow much time have you spent compared to how much have you made?