@Mike RomanoHave a third party bookkeeper and be transparent with all payments and invoices

It would also require IRS approval in this case to make this kind of accounting change.The bookkeeping will take more time, but on a good sized project it would make sense.

In a similar vein - do you personally use a bookkeeping software or do you do it within your financial institution's capabilities to help ease tax time? 

I have received a refund for a transaction that occurred in the previous tax year.
Specifically, this transaction occurred in May 2023, but I received the refund for that amount in January 2024. I’m struggling with h...

There's both bookkeeping and property management features available. 

Consider looking for a bookkeeper.

Anything that also helps you keep your bookkeeping in place?

Most people I talk to do it for book keeping purposes.In a recent conversation with one of our investors, she mentioned that she was encouraged to set up her own LLC for her real estate so that nobody can go after her investments if she is sued personally.

@Jason Bobby I have tried Stessa and I didn't Like it, I am an Accountant and went to School for Accounting, so for me I needed a software that allowed me to make Journal Entries and at the time I used Stessa, I was unable to do that, and I did not like the way the reports read when I pulled a P&L & Balance Sheet.I have found Wave to be a decent software, it is just a free General Ledger Bookkeeping software, not industry specific at all, but allows integrations.

@Brett McManus a separate account is important for tax bookkeeping.