Obviously the tax implication one is a big one. 

Managing all the home's expenses are many times invisible to tenants.

Was out of work for 9 months and also during that time my father had passed.

For example, one of our tenants gets discounted rent from April-October for managing the landscaping. 

ROE is also a snapshot in time depending upon when you calculate it.

Bob - My goal is long term buy and hold primarily as an investment but I'd like to use it 2-4 times a year for probably a total of about 20-28 days a year so less than 10% of available time.

Also, I was considering subdividing or CPRing the property into 2 lots, one property lot with the current retail building, and another property lot for the site of the future 6 unit multi-residential building.   

However, investing is a bit like cooking; cash flow is just one of the ingredients needed to keep things moving, but it’s important to consider other factors to make it a tasty dish.

Also important to note, two are still full time W2 employees.  

The builder put in the thinnest copper piping at the time and as it gets used, it moves and then breaks.