If you're already using it for bookkeeping, why switch?

I really want to bring on an in house office person to do the bookkeeping, sending out notices, etc.

My advice is to get with a real estate savvy CPA to get tailored advice and also a solid bookkeeping methodology to implement. 

I've done some of the stuff Bill is talking about, especially the wrapping different rates and mortgages and such and its a bookkeeping nightmare. 

Everyday is different and being your own CEO you have to take care of a myriad of issues.But to convey what typical things I do on a daily basis are:- looking at prospective deals, reading a lot of zoning regulations- emailing architects, other developers, city officials- visiting city halls and sitting in line to get questions answered- calling my onsite manager or checking P&L and rent rolls (weekly)- following up on projects and calling for estimates on new projects- chatting with fellow investors and developers on the phone or over lunch to keep the deal flow coming and staying in the know- driving around looking at properties- unfortunately, as I used to own a hotel, I spend a good amount of time filling out worker comp claim and dealing with employee issues - lots of random paperworkFortunately for me, a lot of the mundane and bookkeeping tasks have been offloaded to my bookkeeper and onsite property managershope that helps...

I didn't find exactly what I was looking for in the file share on BP.Also, can anyone advise on how much to plan for legal/bookkeeping/accounting set up costs for a partnership on an upcoming BRRRR investment?

My wife is a diligent bookkeeper, and we have a sharp CPA doing our taxes and giving general advice.

Do you keep detailed bookkeeping for your self directed account?  

That's lower than what I'd take on a promissory note for sure, so Joe's point about making her a 1st lien-holder is a good one.0.75% per month is a shade over 9%. 0.70% per month is a shade under 9%. 0.65% per month is a shade over 8% per year.The reason I like stating the monthly interest amounts is that it makes the book-keeping very easy to do in Excel or even on a legal pad.

And additional bookkeeping.