It's all a game.

Use accounting software and hire a real estate accountant to do your taxes. 

It's not a zero sum game and they don't have anything to gain by telling you straight, ie they're not going to tell you it's a chump fund if the underlying structure is solid.

Hi all, hope everyone is doing well and just wanted to introduce myself, returning  from 2005-06 when we did few flips (3) and few rentals (4) and learn some do's and do not's. Difference this time for me is hard mone...

@Tejas ParuthooliI can answer your question by telling you a story at what points in my life I was developing the software and I asked my attorney if he could write terms of use his response was brilliant he said the best terms of use policy is that microsoft.com they have the largest law firm in the world at that point it was simply copy and paste.I can understand paying an attorney to drop your first LLC but after your first one it's copy and paste.With single family properties you could probably just have one LLC with your umbrella insurance.

The fastest and cheapest cost segregation is through DIY software, but it has significant drawbacks:  https://www.biggerpockets.com/forums/51/topics/1136752-expla...Some areas (like mine) have extended deadline beyond Oct 15th.

Is that just the way the game works?

Looking for recommendations for bookkeeping software to help manage my rental portfolio. 

Not that I'm aware of....you need skin in the game.

Landlord-Friendly:Tenant laws here are more favorable for landlords compared to more regulated markets like Minneapolis, which could be a game changer for you.3.