When searching for clients I usually suggest starting with ones inner circle and good old grass roots marketing. 

I was wondering if anyone has a suggestion as to how to go about it.

If anyone has tips or suggestions, I am more than open.For better or worse, I am taking a leap.

you'll probably still need something long term like software as others have suggested but this was a thought i had... you could see the actual profit or loss from a tax perspective for each property.

Thank you for the suggestion. 

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

If not, what will you suggest me to do?

This is in the east side of Buda in 78610Property price is around 340,000 and the monthly payment for 80% mortgage at 7.125% with property taxes (2.32%), HOA and Insurance comes out to around 2,600$Rental comps suggest around 2200$ gross monthly rent. 

:)I spoke to my attorney (From NYC), and he suggested forming the LLC in TN.

Always ask, and don’t be swayed by a sales pitch suggesting that the distinction doesn’t matter—it absolutely does.