It's not the best but it is a lot better than most of the Free Real Estate softwares I have seen, but this is because I make sure the software allows me to create Journal Entries, in case adjustments need to be made.

The site also offers a free collection of construction calculators for more specific estimating needs​.Building Journal offers an online construction cost calculator that quickly estimates the cost of residential and commercial projects in over 160 U.S. cities.

This is basic accounting and I believe there is even a tutorial on the help page if you haven't done it before...Things that don't fall into an expense or income category can be done at the top as a journal entry (additional owner investment, escrow rebalancing, etc)...Do this all and you get some nice reports off the reports tab (the graph icon)...I have things done at the property level but you could choose to do it down at the door level if you wanted. 

I normally recommend Quickbooks(Desktop), Quickbooks(online), Stessa, Xero to Clients.Quickbooks is the marketshare leader in this category, as a result, you will find it that most accountant's that you work with will be able to help do certain things as set up your chart of accounts, make adjusting journal entries, etc.

If you use QBO, you should use a journal entry instead of the expense feature. 

According to the Triangle Business Journal, Raleigh is now #3 among best performing cities.

As i see driving down from north, you have insane highrise growth at Journal sq, all the downtown JC area is filled up w luxury condos and the bergen lafayette area around 74 also filling up w lux condos.

The scary part is that the Triangle has more than $1 billion worth of CRE CMBS loans coming due by the end of the year, according to the Triangle Business journal.

Here’s a great article explaining the passive activity loss limitations: Passive loss limitations on rental real estate - Journal of AccountancyLong-Term ImpactsCost segregation front-loads deductions into the early years of property ownership.

Maybe some Accounting experts could weigh in on this regarding journal Entries for a Single Member LLC, a Multi-Member LLC, and an S-Corp (if the are different).Good Luck!