Are there any good resource recommendations for learning accounting for a project like that?

Make sure you get regular statements of that account to make sure they are not tapping into the deposits.

You sound like a child who got into their dad's account.

You cannot invest what you do not have.Initially before you invest, your success is measured by how much you have in (for instance) your Vanguard Money Market Fund, or an FDIC insured Money Market account, or stuffed inside your mattress, etc...

After accounting for social security and other investment income like IRA/Lifeinsurance/Stocks (of which was made possible because of real estate cash flow)  my mother would be classified as part of the1% and earns a corrsponding Passive income.  

I actually just want the banks to get their $71k so that when I start probate on the bank accounts no one at all can claim any of the monies from the few bank accounts.

If you had purchased the investment within the IRA then depreciation would not help you since that is already a tax advantaged account... 

I am in the process of creating my business structure, establishing business accounts, and all around finding the right team of people to support my efforts without falling on my face with my first purchase. 

We are creating PassivePockets.com to drive this accountability and anticipate a Q3 launch. 

They can offer tailored guidance depending on your unique situation and objectives.Assess Your Tolerance for Risk: Take into account both the type of properties you intend to invest in and your level of risk tolerance.