@William TaylorMichigan has some of the most complicated property taxes in the USA.

How would this be accounted for for general accounting and taxes?  

Additionally, most servicers will provide the tax documents needed at end of year (1099-INT, 1098-INT) and can also issue notices of NSF, late payments and support delinquency /default.

Property taxes are 2% instead of 1% for landlords as a general rule (some districts may  be slightly higher). 

Taxes : Taxes have been a brewing crisis nationwide for sometime, Chicago is another prime example of a major municipality struggling under high debt load.

We're right next to CA but get the benefits of no state income tax, 4th lowest property taxes, much more friendly landlord/tenant laws, no serious weather, proximity to Lake Tahoe, stable job growth/population growth, etc. 

You can take any proceeds tax free and roll into a different investment. 

Some counties have API as that allow you to access their tax records.

Dig deep into tax strategy, tax efficiency, etc  Learn about estate planning. 

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.