I’m not as good at bookkeeping as I should be and that can get you in trouble. 

Yes, I did my own bookkeeping, but having the CPA involved and able to answer questions was not only a great time saver, but gave me confidence that I could take on this aspect.

Maybe a RE investor is looking for someone to do his book keeping.  

a) Office Supplies (e.g. stamps, envelopes)   b) Software   c) Gas/Mileage   d) Advertising + Payroll   e) Concessions   f) Lease loss   g) Lease renewal fees12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisorMore tips:try to save 10% of the rent each month until I have one month rent of the property saved.Now, when your business gets larger and you have more properties, you don’t need one month rent per property.

As you expand you can leverage the time and talent of bookkeepers and CPA/CFOs to handle the financials of an ever-increasing complex business structure.

How many types of bank accounts do you use for the actual property management/bookkeeping activities? 

I recently became acquainted with a company here in Oklahoma City that specializes in bookkeeping for real estate investors. 

However, both will charge you extra if they have to do your bookkeeping for the year before they can do your taxes.

For bookkeeping sake split them out separately with something like 5-6% maintenance and 5% CAPEX.

I certainly do all my bookkeeping electronically, but I also have a specific system for keeping track of paperwork.I mainly do flips, and for each property, I keep 5 color-coordinated file folders (all yellow for one property, all green for another, etc):1) Purchase: This holds all my purchase information, such as Purchase and Sale Agreement, Addendums, HUD-1, CMAs, etc.2) Holding: This holds all my paperwork related to holding costs.