I currently PM a few apartment complexes where I turn about 30-50 units each month and I'm using Microsoft office products.

The rule of thumb is that you make your money when you buy the house; in other words, it is imperative that you buy the property for the right price so that you can make your repairs and face obstacles and still come out ahead in next to all circumstances. 

I have at least 50 "Johns" on my list. 

FHA is strongly enforcing this rule.

I've been thinking about investing around 50-60k for a cheaper house and just renting it out to pay off the mortgage.

I would be willing to split the profits 50/50.  

I've got a GREAT renovation crew and we are about 50% complete on the renovation.

As a personal rule of thumb, I will only work with local lenders that I've seen around for more than 1 year and have had a face to face conversation with.

It is with profound regret that we must report that ITT Educational Services, Inc. will discontinue academic operations at all of its ITT Technical Institutes permanently after more than 50 years of continuous service,” the release stated.

In the mean time they are looking at houses out here but do not want to get a new mortgage at their age ( late 50's early 60s).