If so, I'm unsure of how to tackle the accounting: just add everything up that I put into the property and subtract it from the sales proceeds?

I'll try to tackle this one.1.

May I suggest you tackle something in RE you already know how to do?

With it needing new roof and pool redo, those are two large items most end buyers will not want to tackle and thus your chances of getting a low end offer are better on this.

I've been searching and trying to learn more about the refinance benefits and how to tackle lenders.

However I think moving of water from areas where there is abundance to areas where there is scarcity is something humans can tackle and create solutions for.  

If this is your first time doing a deal, I would STRONGLY recommend taking on a smaller project first to get some experience before tackling something this large.

My plan is to tackle repairs, upgrades, etc as they come with the funds in the expense account.

They continue to throw large sums of money at the problem, but outside of getting the nation to tackle a wholesale redo of the public records system, I'm skeptical they'll ever reach the nirvana they proclaim is possible.The problem isn't the analysis, it's the availability of data, and the accuracy of the data.

It includes all major assets & liabs, inc some pers prop that has value (or is individually insured) & I would consider selling to fund new found opportunities or if there was a major emergency requiring a change in budgeting/liquidity.My PBS is currently three pages long, broken into sections w/ sub totals to assist in analysis:AssetsReal Prop (Assessed, Purchase/Rent data, 2-3 free online providers like Redfin, then averaged.)Personal Property (Cars, Art, Hard Assets, things not in an account or "foggy" daily market value)Cash Accounts (ie funds w/ access not limited by age, Banks, Brokerages, CVLI, prepaid taxes,large pending incomes like insurance settlements & reimbursements owed to me.)MineSpouseCo-AccountsRetirement Accounts (or anything where access to the value is age restricted)MineSpouseBusiness 1 (Net number carried over from separate business records)Business 2 (List as needed)Liabilities (Would section these out too if I had enough to justify it)Listed in order of assets above if tied to such, mortgages, HELOC, etc.General liabilities listed next, largest to smallest.Net Worth CalculationThen I include several lines of totals; subtotal of amount available for conversion to REI, ratios & simple measures like mo / mo & trailing 12 mo avg % & $ return.My FI goal is over the long term to average at least 1% mo / mo gain in net worth.I have found this to be best for me for several reasons:I have a hard time visualizing a set $ amount as a goal because my amount required to retire would then seem too big to tackle.