Activities such as: - Searching for possible rental properties - Attending real estate seminars or reading real estate books - Meeting with real estate agents and viewing properties - Meeting with mortgage brokers with regards to getting loans on properties - Travel time to and from the seminars and your property searches - Preparing your bookkeeping and tax information for your rental properties - Time spend buying or selling properties (i.e. signing the closing documents) - Studying and reviewing financial reports (Investor-type) - Preparing summaries or analyses for personal use (Investor-type) - Monitoring finances or operation in a non-managerial capacity (Investor-type) An important note to the investor-type activities mentioned above is that these activities can only be counted towards real estate professional time if you are involved in the day-to-day operations or management of the activity for which you perform those tasks.

. - This not only helps you with your bookkeeping, but your CPA is going to charge you less during tax time- And, you don't have to pay the insane amounts when you need to recreate the financials. 

@Michael H I have a bookkeeper referral for you in the Atlanta area.

Robust features in portfolio management and bookkeeping are important for me personally. 

I talked to Tamika in acct. today and she said it's bookkeeping that's responsible for actually mailing the checks.

You always want people looking out for YOUR interests.Accountant - As you acquire properties, doing your own taxes and bookkeeping becomes increasingly difficult.

After RentApp shut down I started using Buildium for my rental bookkeeping, which itself had all of the features of RentApp built in (but obviously you're paying a monthly subscription fee for the privilege of using said features). 

Most important is book-keeping, and we use QuickBooks.

Is that enough for bookkeeping?  

If you keep the bookkeeping accurate and operate the Traditional LLC correctly you should only be risking losing the Traditional LLC, which doesn't own anything, rather than the "cells" of the Series LLC which are holding the properties/assets.Hope this helps answer the question.