I plan to manage all of the back office functions (marketing, bookkeeping, booking systems, online guest relations etc) from home and hire 2 on-site managers to live there and work 9-hour per day shifts.I plan to automate check-in/out and use door codes, automated greetings, etc.Does anyone own a hotel, motel, or large hospitality property and not live on-site? 

I do have some experience in bookkeeping, accounting systems and taxes in the real estate world as a CPA. 

Here is my take in the accounting world:Accounting - Bookkeeping appx $250 - 750 a monthOffice admin - can handle your bookkeeping at an hourly rate.

For one property, a QBO subscription may be overkill...unless you are looking to scale up rapidly, in which case it pays to develop good bookkeeping habits early on.If you are looking to keep the portfolio size at 1-2 properties, then a spreadsheet should suffice.

On the other hand, outsourcing the bookkeeping to the CPA will increase the fee. 

All of my bookkeeping clients use Quickbooks on line. 

Does anyone have any recommendations for book keeping services and/or accountants that you've worked with in your REI business? 

@daniel hymanDo you happen to know a good resource for a bookkeeper?

So all the asset protection purpose of your LLC will be voided (piercing the veil).Open a bank account for your LLC, update the contract with your property manager to mention your LLC as the client/owner of the property (and not you), make sure that you sign all documents for the LLC with your title for the LLC and not as an individual, update all insurances to put the LLC as primary insured, and possibly you as agent of the LLC as additional insured, do not commingle money, keep good bookkeeping and follow the formalities of the LLC operating agreement (members meeting; state filing; etc...) 

Does that include bookkeeping and if not, do you have a plan for that or an idea of what that will cost.