For property management, there are really good, emerging systems that can help you manage the day-to-day of service delivery, bookkeeping, along with project management  to keep track of 'to-do's' Hopefully this advice helps but feel free to ping directly to continue the chat!

I was wondering, what are some good methods for bookkeeping when it comes to rental properties?

Then it's up to your operating agreement and bookkeeping to figure out how capital accounts are affected. 

Needless to say my books were super basic and I dreaded the work every month so much - hiring a book keeper was one of the happiest days in my life.

Hi @Nicholas Spohn Does the price include any bookkeeping or just filing?

You avoid the costs, tax returns, and bookkeeping associated with an LLc.d.

Truly the dumbest thing I've ever seen, and it makes bookkeeping a bit of a pain, but in return the accounts are completely free.

Just imagine if you own 50 properties, you would have to have 50 LLC which would very expensive and too complex for book keeping. 

@Adam Craig ....one account, but use a bookkeeper 4 hours a month to enter in Quick Books for tracking purposes

I am a newbie, I have not done any deals yet, and I know I will be getting a CPA/bookkeeper; my question is: in general terms how much should I expect to pay in taxes?