I've been "analyzing" some properties on Zillow for practice and to see if this would even be feasible for me to accomplish, I haven't found any properties under 4 beds that would cash flow, however there are properties that have more rooms within my pre-approval price range that look a lot better on paper.

I think this is a terrible practice pushed by a greedy society.

Practice your pitch!

Then network like crazy so you can get idea of how to actually put your education into practice.

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?