Most people would lead you to believe that the cap rate of a property gives a snapshot determination of the performance of a particular investment.

My wife and I currently own a 2-family home with a short term rental which generates quite a bit of cash flow month-to-month, and it is getting to the point where we need to separate our personal finances from the rental's, and, we also want to protect our personal assets from liability and take advantage of any tax benefits.

., you likely are responsible for some already generated “fees”....setting up the file, initial prep, etc. 

However, based on the fact that their kids are in a school where they are happy, the low inventory of houses in our area, and the fact that many landlords don't allow pets, leads me to think they will be long-term tenants, which is what I'm looking for.  

I don’t know what causes the concrete blocks (walls of the house) to crack like that and am worried about an underlying issue that will lead to expensive structural problems that I will be liable for if I purchase.

I have ordered a small Commercial Ozone Generator. 

Find someone who can lead you in the right path and then just go for it.

I just recently saw a FSBO sign & I feel like that could be my first lead...What should I do?

Not only do I believe it will lead folks to miss deals, but likewise it may lure them to buy a bad deal.

I use lead simple, it is not overly complex and allows me to manage a dashboard of leads!