Another consideration is a cash-out refinance on the property to tap into some of that equity AND generate rental income. 

I own a rental property outright that is currently generating rental income.  

This, loosely, is your Return on Investment or ROI.One way to think about it is that it would take 20 years of returns at $50,000 to recoup your $1 million initial investment.If the property generated $150,000with the same $50,000 in expenses, the cap rate would be $100,000 divided by $1 mil, which would equal 10%.

My initial thought is to generate an excel doc to capture, organize, and automate this process, but hoping there are more sophisticated options available. 

@Codey Fabian - maybe you can install a generator for the power issue? 

In order to accomplish this, new investors need to understand how to generate leads, raise capital, secure financing, conduct due diligence, and negotiate contracts.

Full access and occupancy of property full charge of day-to-day operations including all revenue generated fully responsible for all expenses and maintenance of property Allowed two inspections a year to ensure proper maintenance and operation of property All improvements will be funded by buyer and 100% of net profit Buyer to obtain permanent financing within 24 months Deposits and 50% of interest as down payment If permanent financing not obtained by buyer, all deposits, interest and improvements are non-refundable

Does anyone know of a tool, or software they can generate a statement which includes not only profit and loss, but also a balance sheet?

The founding fathers were pretty much all born on America, so therefore it doesn't make sense to say that they came to America.What I should have said is that families of the founding fathers came to America to escape religious persecution several generations earlier.Thank you for the correction.

If my deductions are greater than the income generated from my property, how does that effect my tax liability?