@Tim BallRe the mentions functionality - type @ followed by a few letters of the person's name you want to mention and their name should appear below the text box you are posting your reply in.  

Do you already know exactly what you will need for each unit just to make them functional?

I wouldn't give up on 13K that easily.It was a replace or the buyer walked deal, and the house was not worth any more with a new septic, the expectation is to have a functioning system and that's what it cost to get one.

In a nutshell, what effect will this conversion have on the functionality of the property?

It works pretty well, but it is definately designed more to used for residential property than commercial, but I still like all of its functions.

My primary goals are as follows:- Have a tool that automates the tenant mgmt process (the programs mentioned above seem to have this functionality- Be able to leverage the tool into a property management service provider in the future, also seems to be in realm of these programs- Be comprehensive for an investor and provide financial analysis.

Find the deal before anything else.Many people will teach you how to do deals, but very few people will teach you how to find deals.Finding deals should be the primary function of your business.

Our MFH properties in NYC generate fairly good cash flow and over the past 5 years have appreciated *significantly* (75-100%) - but that's a function of the time and the neighborhood.By comparison, our MFH properties in the suburbs outside Raleigh, NC are not likely to ever appreciate in any meaningful way, so it's purely about cashflow (which is also pretty good...)Long-winded way of saying it's not a just comparison to make until you're at the point of comparing specific markets to each other.

We're currently, slowing pulling some of the functionality out of Buildium and into our own native environment.

Biggerpockets search function - Use the search function to see if a BP colleague requested a CPA in your area.