-One of the cheaper options I have found is TaxAct Business ($140 + states), and TurboTax Small Business ($739 + states).The issue I am potentially running into, and I am not sure if the online software's mentioned above can handle (they won't tell me unless I pay for advice), is figuring out how to make sure the losses/initial capital contributions are reflected on my K-1 and not my business partner, since I made 100% of the contribution.

.- I was able to get access to private investigator software to find the true owners of these properties since conventional skiptracing produced poor results.  

Quote from @Fabiola Noel: I didn't know any software included a bank account.

In a survey of high school and college-age people by software firm Jobber last year, 75 percent said they would be interested in vocational schools offering paid, on-the-job training (WSJ).”And this idea of blue collar career interest was recently discussed on the All In Podcast, which includes a group of prominent Venture Capitalists.

@Andrew Steffens pretty well covered it, I would only add $125 for software fees to run the STR.

For example, a doctor or software engineer, who makes good money, but does not understand real estate nor finance.

What software is that?

And I also have a business as a real estate agent, so I wanted to be able to track that business in the same accounting software. 

. - Many PMC's use software to approve applicants for speed & to avoid Fair Housing violations.

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.