This is still a savings for his family, but it ensures you are compensated and risk is mitigated. 

Louis as you know can be very block by block and requires some inside expertise in order to ensure a profitable investment.

Ensure you are engaging your CPA or tax strategist experts to help with tax planning for your portfolio and understand that this is a different service than your standard tax preparation.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

Really ensure you are talking to references in this case to understand the person.2.

First, ensuring that each property or group of properties is held in a separate LLC can limit exposure, confining potential liability to the specific entity involved.

Just make sure to keep an eye on those rehab costs to ensure you’re leaving enough margin for your cash-out.Alternative Financing: Getting into a larger commercial property can be tricky, but sometimes partnering with investors or syndicating deals can help ease the capital burden.

Even though they are the expert, you still need to ensure they fit you well.

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

I currently work as a consultant, on a project that deals with a lot of risk assessment, identifying pain points for my client in areas of improvement, along with these types tasks, there is a lot of tracking and monitoring of multiple different requests that are going on at one time, as well as having to manage my team and personal to ensure we are meeting all necessary suspenses.