Your software should book a liability for the security deposit showing it was received and is owed.

John, QuickBooks Pro will allow YOU to CUSTOMIZE it by YOU creating DEFINE FIELDS (blank fields that allow you to input data you want to create) that no other software program will allow you to do.I wanted to see my tenants move in date, Security Deposit, Rental Amount, Move Out Date, etc. 

I assume you're not using software yet with one unit so you won't have a portal they can log into for requests, communication, etc.Text and email address for repairs, questions or concerns.

So I am having my own software developed to provide the broker a turnkey solution to selling my securities.  

These losses are suspended and you get to offset future rental income from the S-Corp in the future.So, to your question about accounting tips for getting started, you don't have to spend a lot on software. 

Bookkeeping, Data Entry/Report Generation from Software (VA), IT, Newsletter prep, Marketing, Payments

Any recommendation is appreciated@Jun Lopez I don't think the location of the CPA matters provided that they have a solid background in Real Estate and software/tools to support you remotely.There are 20+ real estate CPAs commenting in this forum.

I’m bringing a portfolio of STR clients with me and am an experienced property manager ready with all the channel management software and integrations running and wrenches already worked out, ready to build new listings and find clients for this agency.

At the time, I had several rentals, a side software business, and then bought a business with 8 employees.

There is no other data pulling software more accurate and staying ahead of the game then Airdna.