HUGE time saver.Individual property accounting - keep track of how profitable (or not) each individual property (or unit) is.App for tenants - so they can look at their balance, make payments, report maintenance issues.Rental applications and tenant screening - Accept online rental applications and then run credit, criminal, eviction checks on them easily.Market your vacancies - getting a vacant unit filled with a good tenant as quick as possible is critical, and good software will help you market those vacancies. 

They have one checking account or credit card for the business.

I worked with Aaron Binion for my credit line

$40K+ profit is not bad all.

Not bad condition at all, no copper missing, 200 Amp service.

The buyers wanted a credit for it.

My question is, if I make a purchase using myself as a broker, is it possible to receive a credit from the seller when acting as my own agent instead of receiving a brokerage fee?

Rent it and pull some cash out with a line of credit and reinvest.

Mind you we could only do like 3k down so we'd need a loan to fund the repairs as well, but we have great credit and only own one home as of now.

But I don't believe those risk apply to me because I plan be an owner occupant, I have a pretty good credit score (720)  and a combine income with my spouse of 70K (no children yet).