What it is great at is tracking the profitability, expenses, income, depreciation and building really useful property performance reports off of this information.  

You are on the right track starting to drive for dollars and thinking about reaching out to owners.I'd suggest just doing what you're thinking about, you don't know what situation the property is in or the owner is in until you ask. 

@Erik Hayhurst I track multiple properties in Excel and have tenants pay rent by going to my bank and depositing in my bank account, setting up auto draft to me, Zelle or Paypal.

I have been tracking 43224 as well, specifically for a live-in flip. 

CAM tracking/charges 2.

If the property is far from you, they will prefer you have a local property management company with a track record.Lots of local banks will not be happy about financing a property in a manner that gives you all of your cash back. 6 months seasoning gets you into a loan product where you can get a favorable appraisal.

Whether that is analyzing properties, markets, creating content, teaching, podcasting, you-tubing, tracking financials, managing rehabs, building and managing a team, etc.

Im not super diligent about tracking my expenses.

There is a difference between having no cash and not putting cash into the deal.There are sponsors that put little to no cash into a deal but have good net worth, liquidity, experience and track records.That is very different from a sponsor as an example starting out that essentially has no experience and no money to invest in a deal just time and labor.

Tracking the metrics of the park and any good news would be the way to go!