Excellent.

A fairly paid excellent manager can be money well spent.

Excellent point, @Patrick Young.

I've been a commercial photographer, hotel manager, and for the last 15 years or so in various forms of construction.

I copied it into excel explaining where every number comes from.

You should be able to find this list on your auditors site, mine even spit out an excel spreadsheet!

Also, it will probably be in a really confusing excel file (if you are lucky).

Seems like a crazy amount of debt to carry but the property has an excellent history of cash flow... )Any other thoughts ideas on this?  

Excellent work on the property.

I use excel and consolidate all income and expenses for each property (I add my mortgage payments and other landlord expenses) and make sure that my cash accounts reconcile for all my holdings (if there is a problem I call the manager and we try and figure things out).I use this excel for two things: Tracking my properties performance - mainly cash flow, cash balance, NOI and just to make sure the PM is on top of everything.I use this to input the data into QuickBooks (I do this manually).