Then you will have some kind of direction to follow and can narrow it down from there.Hope this helps a bit. 

You want to properly classify transactions such as Contributions/distributions if they are between the entity and the owner itself.If the entities are not direct owners, you have have a Due to / Due From to properly keep track of money owed between the entities.Best of luck!

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

@Sendil Thangavelu you really need to hire a professional property manager or real estate attorney to help direct you in the right direction from now and the future

I just added an invoice on to escrow so that they could pay me directly through escrow along with the cost of the purchase. 

I then took over the entire marketing and leasing process directly, flying out from NJ to show the units.

@Kim Tran There isn’t a direct equivalent to a 1031 exchange for selling an investment property to purchase a primary residence, as 1031 exchanges are strictly for like-kind investment properties.

It will likely be good long term due to proximity to DFW area, growth that direction and a diversified economy.

I talk about out of state investing all of the time especially since I am in Cali also and we need to invest out of state.My always say you must travel there and make direct connections.

It offers features like Automated rent collection (Tenants can set up auto-pay) and you can receive payments directly into your account without any manual tracking.