They then cover any damage lack of rent payment.

I pay him money but then he disappears for a week at a time and won’t return my calls.

You might want to check out Buildium (affordable) and then AppFolio (you have to find out if you qualify with 60 units, I think min might be 100 units though).You will need multiple bank accounts.

If yes, then just tracking previous year’s 8582 is not enough.

I was part of a companythat was buying companies back in 2008 and many companies back then scaled way to fast and ended up going broke from cash flow issues.

And then there is rent to value that also uses “purchase price”.Cheers.

Then I buy a 1031 replacement property for $1 million but get a mortgage of $700k.

Get some deals under your belt, grow experience, and then go for bigger rehabs.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

If answer is NO then run from it, don't have anything to do with that property but look for another one.