If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Mark Huang thanks so much for the welcome!

I use the same 50% mark as a threshold for profitability, i.e. more than 50% of my units would have to be vacant at once before I would be dipping out of my own money (outside of the business) to cover expenses. 

Mark Cuban, owner of the Dallas Mavericks says "don't talk to me about sports or anything else other than business."

@Mark Masiel thanks for the info !

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

I still haven't gotten this buttoned down.

He showed me the high water marks when the last hurricane came through and even some of the locations where the houses that had been washed away.

@Colin & Mark Yuschak,No matter whether you think it will be audited the home office should be taken since it is allowed in the correct situation.Mark,Is your person an Enrolled Agent or Attorney?

On the other hand, what if the profit ends up, for whatever reason, not covering the mark-up he would usually be charging for the job?