Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

You learn through practice.

Lots of good practical advice, great deep dives, and real stories from everyday investors. 

Practical? 

Furthermore, maintaining rigorous property management practices, keeping thorough records, and implementing robust tenant screening procedures can also mitigate risks.

Are there specific reports or practices I should follow to ensure clarity and proper management of both types of accounting?

They don't practice in all 50 states but they do have a practice in TX and can advise on how to complete this paperwork and record properly.

I understand the arrangement is certainly different, but from a practical standpoint it isn't much different than a licensed GC staffing a team of laborers, who are actually doing all the work, and the GC checking in on quality of work.  

However, text message marketing requires adhering to specific guidelines and best practices to remain compliant and avoid facing SPAM complaints and/or potential lawsuits.Those who do not comply with the strict SMS guidelines and regulations can not only face angry customers, suspension from messaging platforms, and unwanted legal action.

I recommend changing your business practice to meet today's consumer.