It also depends on your position financially and how much you want to leverage.

I have been looking for a program to keep track of financials for each property, individual unit, but not having much luck outside of full blown PM software which I wouldn't be utilizing most of the features.

I want to put together a leather bound notebook that  would have a good 1 sheet with info a bank would like to see and then have more in depth financials as other documents that I will need during the application and underwriting process.

I'm not a Lawyer, and this is not to be interpreted as legal advice, however, here is what I see has happened:1 - Faulty Option contract made worse by Owner's actions:  Somehow, even after the contract to buy has come and GONE (my math says 2007 + 5 years doesn't include year 2018), the tenant buyer has been allowed to continue to make (and have accepted...BIG problem) payments on the Buy Contract. 

I want to start my financial freedom as soon as I get back by obtaining a positive cash flowing property and a full time electrical job, then after a few years go get my degree once I’m financially stable.

Keep getting educated so you can position yourself to take action. 

.”~ Ronnie ColemanKinda like Real Estate....everyone wants to be financially independent or rich, but not everyone wants to put in the time or maintain that singular determination required to not let anything get in the way of accomplishing that goal.

“We feel good about the business.”According to the China Financial Weekly, GEA’s net income in China has increased 80 percent since Haier acquired the company, and its revenue increased 11 percent during the first half of this year.According to: https://thinkkentucky.com/kyedc/pdfs/100jobs.pdf adding just 270 manufacturing jobs to should add nearly $30 million value added.This knowledge should make a compelling case for investing in Louisville, as if we need more reasons! 

Any thoughts about fairly structuring the financial shares? 

Are you trying for financial independence?