As a new real estate investor I was wondering what is the best way to setup my RE Investment books?

[Mel Jeffrey]

As a new real estate investor I was wondering what is the best way to setup my RE Investment books?

[James Vermillion]

You are probably right Ann Bellamy...I am a little slow today! There are definitely a lot of options when it comes to bookkeeping and there are a lot of things you should consider when choosing a method:
- cost
- level of involvement
- difficulty
- business setup
- future goals
- accounting/bookkeeping experience

I would do a few forum searches such as "bookkeeping", "setup Quickbooks", etc to get some additional ideas. Also, you should work with your accountant when setting this up to ensure it will work in unison with their system.