Those other opportunities will lead you to create a system(s) to get those other opportunities (talking to attorneys, direct mail, SEO, networking with agents etc..).

Jermy are you saying with this system you can have an account for monies from different properties, and save them under the property addresses or names?

The multiple heating systems and hot water tanks don't make sense. 

It will help you to create systems and hold yourself accountable.

You will be able to learn from the best that have proven systems in place, and utilize transaction coordinators so you can spend your time on what you do best. 

They also say that one bad “crack in the system” could lead the company to go “belly up.”

A system I've developed in my business is I pay 1/4 of the project upfront for the contractor to buy materials and then we develop a weekly "draw schedule" for the remaining amount.

The layout of the condo is strange where the hotwater heater is located in the garage (which is deeded to another unit(unit 3)) and the water and HVAC system are located in a utility closet in another unit(unit 1).

Obviously a French drain system would need to be installed outside.

Specifically if a given property has updated systems and is held for a shorter period, the Cap Ex budgeted would be lower than a long-term hold with dated plumbing, electrical and requiring a new roof.Better to over estimate and have plenty of reserves just in case instead of the alternative.