He does most of the labor, I do all the designing / bookkeeping and painting.   

It is all a matter of bookkeeping, but it is really important to have it done properly to avoid piercing the veil.For different reasons that I have explained in many other posts, in my own situation, I prefer to add in the mix a land trust that will directly own the property (ie the one on the warranty deed).

Your PM should be a partner that allows you to scale, has the local network to make your life easier, and provides better bookkeeping/reporting than you can do yourself. 

After last year’s taxes he told me my bookkeeping abilities were no longer adequate and I needed a bookkeeper.

@Patrick Philip I have pieced out parts of the management, I have a book keeper, an assistant, a maintenance tech, a turn over crew and a construction crew. 

Hi, I am looking for a chart of accounts template that I can use within my book-keeping software.

Never had the need before: this is the first time I've contemplated buying a fixer-upper (all my others were purchased move-in ready).My team is currently composed of those roles you'd expect of a buy and hold investor (RE agent, property manager, repairman, insurance & mortgage brokers, attorney, bookkeeper & CPA, etc.); I've assembled this team over the last 4 years of investing in the town (including several trips there to meet them, and buy property, in person).Put another way: I'm *way* more confident buying in this town halfway around the globe than I am buying in the city I live in.  

My CPA recommended last year that I purchase Quickbooks for my business, and if I sent his firm the chart of accounts for my business, his bookkeepers could log-in to my account, post transactions, balance accounts and provide the basic bookkeeping for me.  

However , QB has a built in COA for realtors,pm,and general bookkeeping.

@Avery Carl I don’t believe I have that spreadsheet anymore now that I have a bookkeeper.