But again, the simpler, the better!

Basically any idiot could run it and because it is new for the first month or two that owner could generate decent sales with almost any food concept.

Agents can give you a simpler version of this like a BPO (broker price opinion) or CMA (competitive market analysis).

Having used many organizational systems over the years, the best advice I can give is, use whatever format/system seems most accessible/usable to your own brain, whether that's a spreadsheet with 10 tabs, your phone's contact list, or a simple piece of paper.As far as spreadsheets for property financials and mortgages, I'd recommend you look at some samples online (there are plenty), research the concepts involved (e.g., google how do I calculate net operating income), and then make your own spreadsheet.

The difference in capital expenditures ($8100) and bottom line isn't significant enough to spend more time thinking about.Personally, I seek out what makes my life simpler - energy spent on DMV paperwork, at the dealership, updating insurance forms, discussing with my wife, changing key copies out, re-learning where the stupid gas door lever is ... a thousand little cuts that sap energy from things I care about.  

The website is sweepstrategies.com    I am not recommending them, but it is an interesting concept about mortgage financing in the United States.      

So you're basically against the concept in general, not just for this property?

If they have not held a property 10, 15 + years they have no true concept of cash flow.

However, we soon realized that as big as our family is we're not using the property to its full capacity so that's when our daughter, who is also our property manager with with our long term rent/least portfolio, introduced the idea of the vacation rental concept.

Many of the concepts are quite relatable given my experience as a mortgage lender, buy & hold and flip / JV investor.