The only thing I found important but had to disregard so far for my property locations is school ratings.

@Alana NevaresI’m of course not familiar with the profitability forecast you performed prior to purchasing the property, but I can tell you from experience that most investors with limited experience underestimate the repair line in the expense items and totally disregard the depreciation line item.

Although many prospects who approach my firm already have made an S election for their new business, in general, I advise current clients who start a new or side business to start it as a disregarded entity (if single owner) or partnership (if multi-owner) to keep things streamlined until we have the data points to make a more informed decision regarding a S or C election. 

Because this method disregards demographics, it could reveal areas still suffering from the aftermath of redlining that would be prime targets for revitalization and investment.3.

As for tracking and accounting, I set up my LLCs as single member disregarded entities.

Summary: Our typical acquisition looks like  Elenis Camargo's   Property #2St Louis example property in Dec 2019:Purchase Price: $46,000Down Payment: 20% ($9.2K plus $4944 for closing costs (including impound $1368)Monthly Mortgage $146.86 30 yr fixed at 4.5% Taxes $102/moInsurance $66/mo30 yr fixed rate of 6.0%Monthly Rent: $825/monthProperty Management: $83/monthVacancy Loss: 8% annuallyRepairs = $100/month (a bit high estimate for built in conservation)Monthly Cash Flow: $301Cash-on-cash return: 25.5% Disregarding maint and vacancy, upper boundary ROI is 40%.Hope this is helpful... a good way to start as a newby is to research "turnkey" properties and learn to do due diligence. 

Disregard the self management advise.

After a few years, there does not seem to be much emphasis on separate bank accounts for single member (disregarded entity).  

I sent you a PM with some templates, you can disregard, I am assuming you don't need this anymore. 

However, it doesnt mean you should disregard conventional completely because life is a constant flux and there are periods of time where you might weave in and out of conventional or DSCR and or both might be available.