I wanted to start a quick conversation, and hear the different ways that folks record their property expenses and keep track of everything in residential buy and hold/househack applications.I have used Intuit Quickbooks after chatting with my CPA during tax time last year and absolutely love the platform.

If at least one of you uses TurboTax do to your taxes, Intuit provides the Quick Employer Forms site for free. 

Eventually, your plan will be just a set of objectives and you will know intuitively what you need to do to get there.Good luck to you!

., they have this keen intuition.  

@David Pierce I think your intuition is correct on being concerned on the requirement to bring more cash to closing based on appraisal.  

Intuit's Payment Network is appealing and recommended in several BP posts, but I am not a registered business (I only own 2 rental units, both in my own name) and don't think I can legitimately apply for a receiver account.

I have heard good things about intuit Quicken rental property management but haven't tested anything yet, thanks in advance

Meanwhile using a PM app to manage your property income (and other events) necessarily associates every transaction with an object, ie, a building or a tenant account.Unless you had a standardized way of depositing your rent every month, there would not be a way to import these transactions without some human interaction, to confirm their association.QB is owned by Intuit, a huge company, so they can work some additional magic re: bank linking.

If you do that plus pay attention to the people who have a lot of votes ( I just started to contribute  that's why I have two votes) you'll do just fine.You don't have to be a genius to figure out how to investment in real estate, you just need a lot of dedication and strong intuition .Last piece of advice ask yourself what's your vision in business and if you don't have one than get one.Make your vision happen in 3 years instead of 5 so you start working at asap.

The part that has always been counter intuitive to me was how I could make more money by having mortgage payments.