Track everything you do and view that regularly so you can tell what you can do to earn more income and reduce expenses.

Three months ago took the "Fast Track" course offered by Cody Sperber of Clever Investors and have really learnt a lot about RE and marketing. 

If I purchase  it, can anyone recommend a good property management software to track expenses and rents and everything else needed to facilitate filing of taxes at the end of year?

@Scott Ewell,Connect with me and I can refer you to my group's tax and legal expert (he's a JD/CPA).Jason is on the right track.

Tianna,Sounds like you are on the right track, if I can help you in any way give me a shout.

I am looking for landlord software suggestions to collect rent, screen tenants, create leases, track maintenance expenses etc.

@Katherine Sarrettethe deals you are going to find that are going to pay off the best are the ones you find driving neighborhoodsmap you out a area- spend some time looking for the properties that are vacant- they may be foreclosed and not even hit the mls or other investors have seen yetdo a quick search through the county to see what they areset you up a good data base and keep track of neighborhoods and there rents or purchase prices enjoy

Unless you've got the inside track for the market turning around.Why do you think you could get $2200 in rents?

So I am closing on my first 100% seller financed deal tomorrow and would like to understand how to handle the payments, especially for tracking purposes come tax time.

As far as I can see you are on the right track.