This is helpful for monthly bookkeeping and tax return preparation. 

Or, the trust (with trustee other than yourself) owns the property with LLC as beneficiary.Costs: LLC registration, annual secretary of state fees, agent for service fees, bookkeeping fees, tax prep fees, attorney fees to unravel structure mistakes, others I can't think of.Also, there are challenges getting title insurance, property insurance and loans for a trust.This is a way to get your name out of public record, no comment on whether it's good or bad. 

Constantly manage bookkeeping and cash flow to make sure you stay on budget and/or make adjustments when (not if) things come up to stay on track.  

Quote from @Eric Carlstrom: @Garrett Brown I hadn’t considered bookkeeping software or dynamic price software.

There's also a Q&A section where you or your bookkeeper can write questions for the property manager for specific tenants. 

I also own a bookkeeping business. 

I wasn't really thrilled being forced to quickbooks online from desktop so I would like a different software for bookkeeping but need to retain my mortgage bank too. 

Separate LLCs and bank accounts are needed for asset protection, bookkeeping and tax return preparation. 

The goal is to start getting your land-lording processes into place--how will you advertise, how will you screen, how will you collect rent, how will you deal with maintenance, who are you going to use as a lender, what is your process for bookkeeping and taxes.   

Really depends how many you have and what kind of bookkeeping software you are using.