Accounting for Landlord/flipper

[Craig Smith]

I am starting out from scratch after my divorce and am interested in setting up the right corporate entity and accounting for all of my expenses appropriately.  I expect to use the income from flips to grow my landlord portfolio but I realize I am about to generate taxes at a new and frightening pace and want to make sure I minimize the liability as much as legally possible by being set up correctly and using the right accounting software that will allow me to track multiple flips at the same time and account for rental income.