I got quickbooks once and it was so complicated and cumbersome that I gave up trying to use it.

As for the addendums go I feel these two addendums just complicate things and thought of removing them entirely. 

Most investors on this forum are obtuse to the complicated nature of macroeconomics, cause and effect.

Chris Mason Your idea, though clever, is too complicated.

And you don't have Schedule C to deduct the business expense.This might have changed if your RE portfolio was run like a business and/or you have a partnership; the partnership would then deduct the travel expense as an ordinary business expense.As I said, it gets complicated quickly.

I know it's complicated, but I just really am looking for help and direction with this property.  

Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation.

@Bianca Rodrigues  I second Ken's advice above, definitely get an appraisal and inspection if you move forward with the deal.The two existing mortgages make it complicated. 

Larger cities offer better infrastructure, such as international airports, interstate highways, and a broader talent pool, making them attractive to businesses and tenants.Avoid Rent ControlRent control laws can hinder your ability to adjust rents to match inflation, limit tenant screening, and complicate evictions.

People are making this way too complicated.