It all depends, this is why I always review potential client's books what is the best course of action.I personally do not like QBO for real estate (I make it clear in all my posts lol) I just renewed my certification just because most people can't afford the PM software with accounting such as AppFolio and Yardi.

The 2nd part of the question is which option maximizes the true revenue potential of the property ?

versus a new property with it's income/debt load.Other considerations might be if that property you own is at a great risk for capital expense that can create a real urgency to sell and 1031 before the capital expense hits.

Any time we can make connections empowers us to disarm any future potential detractors. 

Renting Out, Moving Up: A Progressive Portfolio ApproachAssuming an existing loan on your first property and renting it out when you move on to your next home amplifies your wealth-building potential.

Hello everyone, I have found some properties locally that look good for potential rehab projects.

It might not matter for most buyers, but why eliminate any potential buyers who want a tub. 

I'd recommend looking into that and potentially partnering with a wholesaler who can send out your land deals for you, and just cut them off a chunk of change. 

To find strong rental markets, crunch the numbers for potential rental properties and do your market research.

You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future?