things missing in your list (everyone manages differently, so take it with a grain of salt)Vacancy rateTurn overbad debt legal fees (evictions as needed)accounting fees for professional tax prepmaintenanceProperty TaxesSales Tax on PM fees (In NM, this is charged, not sure about where you are)Reserves for replacement CAPEX - furnace, water heaters, ac, roof, parking lot, etc.Admin, software, advertising, etc.Cost segregation study for accelerated depreciation captureAs for your loan. 

Their online banking software is pretty nice though.

We manage multiple long-term rentals in Indianapolis and use Buildium as our management software, with Tenant Turner integrated for showings.

Just launching our first MTR so trying to figure out all the software needed.Thanks!

If you are audited the IRS will want to see supporting docs (e.g. calendar, CC statements, etc).If you've reached the end of this thread and your NGMI on RE pro there are a few more options:1.

I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.

Hey @Kendrick Seen - I agree with @Jonathan Greene that it's most important you use it and use it well.With regard to real estate specific software, we really liked RESimpli. 

to make this workflow smooth.But as usual, software companies don't make this easy on the end user.

@Joshua Wei   For SFH check out our RCS software.  

You can do this on your own but having help with PadSplit's software will take your game to the next level.