So if your objective is to preserve cash and you are ok with trading off a little equity then it can be a good approach. 

We are using Podio for organization in our real estate activities.

I would like to know what is the best way to organize my files/system to keep track of my rentals.Will I want to open one bank account for my complete portfolio or separate accounts for each unit/building?

Pulling comps, filling out contracts, entering data into CRM and deal analyzer tools, organizing contractors and general logistical paperwork and phone calls. 

Otherwise you fall victim to the shiny object syndrome. 

Hey everyone, I have been doing commercial property management privately for over five years now and I'm sure most of you will agree that finding and keeping a solid tenant is the biggest challenge, yet, is the most important objective on your list at all times.I have sandwich signs posted near the main roads at all of my properties, and recently created banners to hang on windows.

However, I consider their offerings an unbelievable bargain for newbies and I strongly believe that their materials give people a strong organized basis for building their base of knowledge.I also don't think you can generalize about finding communities.

What is your objective: wholesale, rehab, rent... ?

There was one partnership where the partner was amazing at finding deals but horribly organized and terrible with money.4) I invested in a company (not exactly a partnership) that did really well making $80,000/month in revenue in year 2.

So I keep three full sets of keys for all units:one set in the locked maintenance lockerone set held personallylast set held by the tenant(s)It takes organization to manage keys.