I've been busy with a different pursuit and haven't posted much for the last year.

I hope that all makes sense!

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

We got an analysis from 2 different companies and savings wise it makes sense.

We are in California but do business in North Carolina.

Talk to local agents to see what they think the value would be post construction and what the rental value / estimates would be If you get answers that make sense to you to proceed from the above then keep unpealing the onion of development and keep performing the next due diligence steps towards making this project a reality! 

I'm certain it would be difficult for a small business owner to stay profitable as expenses are always on the rise. 

It almost makes more sense to remodel kitchens and baths at the same time, but it sounds like you have already done that. 

However, there are a few critical factors you'll want to consider before making your decision.Tenant History: Try to get a sense of the tenant's payment history and overall reliability.

I would equate it to managing yourself when you are not set up to manage properties.There is scalability in this...Now to play the Devils advocate if you get autopayments set-up you can always figure out how much interest was paid each year and what your payoff is so just decide how competent you are in that and be honest with yourself, there is nothing wrong in outsourcing parts of your business.