Have a spreadsheet or accounting software and reconcile your bank, pm, and cc statements to the books regularly.

The return would be great for you. as for the other house, still chase it with just the down payment and regular conventional loan process. 

Not sure if that's what you're asking, but I don't regularly do it either.

One thing that I think I have learned that seems to hold true is that because my day job is moderate six figures and I plan to keep my regular job for a long time, that I should plan to get more of turnkey rentals and use property managers.

2nd, how do you decide what the monthly payments are and does the entire payment go toward the note or can it be structured like a regular mortgage to where a portion would go toward the note and the other part goes toward interest?

Is 3% too high for a regular agent when I am buying multiple properties a year?

@Mike Patel this is not an RE investment but the purchase of a business, do you want to run a liquor store?

There is a great book on brrrr investing available in the bigger pocket book store

I live in Fredericksburg but grew up in Woodbridge and am still in the area regularly.

The deal size you are looking at is so small that it can't pay for you make regular trips to check on your property, so you'll be relying solely on the team you have chosen to work with.You need to define your goals and make sure they align with your partners'.