I think my main goal at this point is not squandering a good opportunity (if one exists outside of keeping our properties). 

My main question is how to do the bookkeeping for this property?

They finished the remaining 2% of the work mainly by just painting the exterior and fixing the pool.

My grandfather has been a stockbroker for most of his adult life and semi-retired to a part time broker in his home office, living mainly on his own stock portfolio at 37 years old (1964). 

I have bought several properties over last 2 years and I have paused now mainly because of steep climb in interest rates.

There are many reasons we are choosing Indy, but it's mainly just because it comes up a lot as a hot market right now and seems 'good enough' to get started with.

I told him if he supplied the information, that would be okay (right?).  

Not unless it is a market that is 1 in 1,000 with a huge under supply of units where landlords can almost do anything they want.30 to 40 year outlook more conservative baseline numbers are 1 to 2% rent growth, 50% opex,10% vacancy.

There was a huge storm yesterday and the entire basement and main floor are flooded because the house doesn't have a sub pump.

Not exactly sure what line of work you're in now but as a caveat if you have no other source of income, do not leave your main stream.