Custom tailored financing is important in REI success.

I am not seeing how many units are in this asset which would help.I would not personally want to be buying an asset that doesn't at a minimum kick off $100/door/month in net income.With only 2-400 in net income per month you are 1 bad tenant, 1 leaky faucet, etc. away from a loss.If you could see a very quick turn around on rent---IE: all tenants are month to month, and we can raise rents $50/unit in 30 days that might keep my interest long enough to dive deeper.Cash Flow is more important than the Cap Rate on this deal.

I understand there are ways to get off the ground more efficiently and less expensively but it’s important to me to do this in a way so I learn the details in a scalable way.

Since you have a business account all expenses and income will flow through that so if shouldn't be that hard to keep track ofBased on the tone of your post maybe more important than the software, is the knowledge of what can be deducted and how to track expenses,  IRS puts out some free publicationshttps://www.irs.gov/publicationsPub 17 and Pub 334 would probably be the most useful.

There are many agents out there, but it’s important to choose the right one.https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agentI love answering questions if you have any!

We thought we read where being your own registered agent could lead to not only missing delivery of important items, being potentially embarrassed by being served items at work but could also cause you to fall out of good standing with the state.

That's really going to be a waste of your time.What I do is ask for 6 months of Bank Statements where the rent was paid so I can see if the rent was paid on time.Basically, if they can't give me proof they paid their rent on time, I go on to the next candidate.If you even get a few checks, you can see who got paid if you really want to call the current landlord.However, doing the employment, tenant credit, eviction and background checks along with having them providing Bank Statements corroborates their story of being good, prompt paying tenants.BTW, I'm a NYC Broker/Landlord.... it is REALLY important I don't put in a bad tenant.

I do not have a Supra key (I have to be a licensed realtor in my area to get one) opinions on how important a Supra key is would be great feedback for me. 

If you are only flipping a handful of houses a year, you can probably get by with a spreadsheet, but here are some important items you need to track/consider for tax season & business management:Tracking Project Expenses & Revenues to calculate your project Net ProfitTracking Assets/LiabilitiesProfit & Loss Statements showing Profitability of each projectTracking how much you paid each vendor/contractor for filing Annual 1099sActual vs Budget Tracking so you can see what repairs were over/under budgetBank reconciliation to make sure your accounting books match your bank statementsProvides a history of the business, so you can track financial progress or pull past financials in case of an Audit

And don't forget that the most important element for the long term success of your out of state rentals is going to be the property management.