You only need a place to track tenant information, payment history, maintenance, etc.

, total paid I also have a tab for maintenance to that specific unit Was wondering what other things you guys might recommend keeping track of?

Just be sure to thoroughly vet the operator’s track record and the deal structure.

., P&L), tracking expenses and income, rental listings, lease signing, etc. 

I'll see if I can track down a suitable NoD template that I can work with for those very specific instances.Thanks again,Steve

I mark the applications down as they come in to keep track of the order in which people applied, and they have to follow up with employment verification, background check, references as well so I can tell who is the most qualified and serious applicant pretty easily. 

sounds like you are on the right track - house hacking or BRRRR to jumpstart the journey is a pretty solid tried and true gameplan

For asset protection, LLCs are over-hyped - you just need good insurance.Set up correctly, an LLC may give you decent anonymity, so tenants don't know you're the owner and can't track you down to retaliate (happened to my manager). 

You can do this without a coin-op feature, but then you have to bill the tenants for small amounts which is just one more thing to have to track and follow-up on.

Do I write the LLC a W-9 and write a check from the LLC into a personal account for tracking purposes?