I have rental properties and the property management company direct deposit my rental into my bank account instead of naming the properties by address, she just put the property management company name in the additional income.

Many of them charge an additional fee over 10 feet, and some are scammers just looking to get in your house and try to tell you that you need a whole bunch of other services (that they can provide for an additional fee).  

Here's how it plays.Asking price 6.999mNegotiated sales price 6.7mNegotiated closing date Nov. 30thBuyer wants additional 60k in misc reparations i.e. mold, dry rot, termites, etcWe accept counter but want Oct 31st closing due to the timing of a 1031 exchange app.Stay tuned for the next exciting chapter after our teleconference this morning.

If you have equity in the property you need to deduct a 10% return off the top of the rent as a additional expense otherwise the equity is being wasted.

I work with a lot of different attorneys in the area because I'm a Realtor in addition to being an investor, but John is my attorney.

In most cases, the net tax is not significant, and you will still very much reap the benefits of applying leverage such as higher cash-on-cash return.If you are self-employed with some kind of side business, and that business has no employees, you would qualify for a Solo 401k plan.  

The property would be a good addition to my portfolio but I am not sure how to accurately estimate the value due to the poor record keeping by the owner. 

I probably should also have mentioned that I renovated my own home, completely, including a second floor addition back in 2005.

Also, what are your employment plans for when you separate?

My default position has always been, "No one will take better care of your property than you".However, here's a list of issues that can force you into using a PM:Out of State - non local propertiesRE inventory that requires too much of your personal timeSpecific properties with a unit count that then require onsite managerIn Calif, (3) the count is 16 or more units, and if you hire a manager, then you have to follow all the employer regulations, which easily adds 35% above the salary.