If you are new, your sphere of influence (friends, family, previous coworkers, etc.) is the best way to get started.

I am a 29 year old Mechanical Engineer by degree and a Robotics Engineer/software programmer by trade. 

I think that is a factor that could influence which route to go.

Hello Everyone, What type of multi family software does everyone use to manage multi families effectively.

Is that all custom coded or did you use a software? 

Not including your standard overhead costs like software and systems etc.

Just wondering whether people typically use Quickbooks (or other accounting software) just to track rental property income & expenses, or the whole shebang such as:- Down payment/closing costs- Assets - the property itself, plus other fixed assets- Liability - the mortgage- Depreciation- Equity

Used td's software and TurboTax free software.

Since he had his own system and software, he had to do everything from scratch.

With one property I would not bother with a separate account, but keep good track of your expenses using software to categorize.