A home (whether primary or investment) in my eyes is considered as a savings account once you own it - a store of wealth. 

Feel free to reach out with any accounting questions.

Yes, but your "highest and best use" is being an accountant to your clients, not handling the minutia of your RE portfolio!

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I once made the mistake of chasing multiple listings at once, which turned into a disaster.When I shifted my focus to serving one client at a time with honesty, integrity, and accountability, referrals started coming in without any marketing.

I have totally given up on Quickbooks though it remains the best accounting software for the non CPA type 

deposited in a demand deposit account?  

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

@Andrew Watson I have a similar setup - One series LLC to One bank account.

If you have not done so already ....Time to invest in kick *** accountant and lawyer.