At the end of the day, in quickbooks, you need to track for each property regardless of ownership.  

Sounds like you are on the right track.

You are starting off on the right track!

You are on the right track.

The city has a huge landmass and there are still large tracks that have not been developed.  

Looking to network with potential equitypartners for lucrative STR market, Newport RIString track record, 15 doors 10+ deals all my equity partners are tapped so looking to make new friends :)Have a deal under contract in Newport right now, absolute home run DM for details on this deal and future deals

Usually I recommend QuickBooks online, you can track income and expenses by property, create recurring invoices which should automate some of the work. 

Treat it like you have been, and well........Sounds like you are on the right track though!

But don't rush this phase, granted you can pivot, but if you end up with a STR, SMF in town, and STR, SF, MF out of town you will spend more time keeping tracking of each one that is not similar to the other and have some rougher systems.

I will soon establish an LLC and open a business account to track income and expenses through that, but in the meantime I'm unsure of how to properly track expenses for the rehab.