Yes, QBO can take care of all of this and help you keep all that straight! 

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Be careful with posts like these.

Now you are over $2k and only bringing in $2100… If you don’t care about the cash flow at the moment and have a good income that can support an unexpected large expense then you should be ok.

Additionally, ensuring the renovations met both current rental standards and future plans required careful planning and oversight.

The lengthy process required careful planning.

The lengthy process required careful planning.

If you want to lend long term debt, you don’t want to compete and be the cheapest on the block (that’s a race to the bottom), you want to lend on stuff that nobody else (or a select few) will lend on and charge a premium for it.

Be careful.

A paying bird in hand so to speak... as long as they're taking care of the unit and paying.