Using a class would clutter your financials rather quickly.For holding a property for more than 2 fiscal (usually calendar) years, setting up a general class for properties by category (SFH, MFH, etc.) or geography and then having each distinct property as a subclass is a good idea, so you can print out a Profit & Loss as well as a Balance Sheet for each class or geography to make analysis easy.If you get to the point that you have so many properties that this structure doesn't meet your needs, you might consider moving on from Quickbooks or grouping properties instead of presenting each individually.I'm an accountant, but I'm not YOUR accountant.

It's an important distinction if Tenant 3 is subleasing TO Tenant 2 or subleasing FROM Tenant 2.

The buy and hold commercial properties are my long-term goal, but as you said, there are a lot of barriers to entry (cash currently being my largest one).

I believe that our industry should coin a new metric of similar distinction.  

Keep in mind that there is a distinct difference between a broker and an agent and it is a different license with different rules and responsibilities. 

She took me to a lake house in North West Jersey that is on the largest lake in NJ.

I do know that milwaukee has one of the largest poverty rates for larger cities in the US and that does not bode well for real estate values in a lot of areas.

Morgan Stanley was the largest taker of $108 Billion in September of 2008, following by Citigroup and Bank of America.

Then your saying your willing to not advertise the property to the largest pool of buyers which can easily cost you another 5%.

One of the shortcomings of the Case-Shiller Index is that it is only 20 cities, albeit the 20 largest cities.