Online Rent CollectionI could have easily called this one Property Management Software to track all aspects of your rental.

How do you track pay-outs during the life of your apartment building investment?

For good paying tenants who are making a good faith effort, I don't think there is much we as land lords can do other than try to help them get back on track.

Definitely keep track of all your losses! 

Hey @Ryan Evans, you're definitely on the right track here.

What's the best accounting software for tracking income and expenditures for multiple properties? 

Once you determine your "why" you need to perform due diligence when determining what market(s) you want to invest in: >is there sustained demand (for the long term) >assess the comps, i.e. what are other similar properties selling and renting for in the area, determine if the guarantees are accurate >vet your developer, look at their track record>know the underlying risks>establish your team >know your exit strategy: look for long guaranteed income periods & high yields These are just some of the factors you should be considering before jumping in. 

Just wanted to ask the community , because it is long distance investment property, if I do own the home what is the best way to keep track of everything, and also in the future if there is more properties, how do I separate and keep clean books for each and every one of them.

I've been investing for a long time and since 2001 I have been tracking market inventory levels to know what, when and why I should buy or sell. 

You're on the right track!