However, its downfall (and really what makes it so easy) is that it is a single-entry system. 

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

They also are thinking of getting a different PM to manage it after they can gain back control but would like advice on doing so.

I've worked with groups like Sands Investment Group, Hudson Edge LLC, and others, where I primarily analyzed industrial properties with long-term leases and high recent growth potential, alongside stable A-class multifamily properties with value-add opportunities.While many of the groups I've worked with are hesitant to relinquish control of their investments, my goal is to create a balanced yet diversified portfolio, focusing on high-growth industrial assets and value-add multifamily properties.

Did you know that you can bank with some of the newer systems for property management?

There is a huge gain probably in a more efficient gas system then oil so they are already getting some cost savings. 

Summary of expensesNOICap Rate Condition of the building systems  

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

I control all the money and pay all the subs directly.. that's how we got in trouble the first time GC not paying subs..

The brother and his son had been living in the house, free of charge, for years, and were gaming the system.