You can also create a Statement of Cash Flows, but like the Balance Sheet, I don't see much use for one in a small operation, but definitely something to generate if you start looking for investors.I do all my bookkeeping on an Excel spreadsheet.

If you have the ability to borrow that amount of capital from a single investor, of course it would be easier in regards to book keeping, communication and overall structure.

Just like there are bookkeepers and there are CPAs.

Adams uses PipeDrive, which can be used to record and track business progress and also professionals such as attorneys, realtors, loss mitigation, servicers and bookkeepers.

I use the program from John Hyre, The real estate investors kiss guide to bookkeeping.

I have heard of people putting each property in a LLC which IMO sounds like a book keeping nightmare.

Here's why (and apologies if this is too Excel geeky):If you do your own bookkeeping in something like QB, and can't easily import transactions, then entering them individually is a pain - especially with multiple cards/jobs, and if you want to track your expenditures at a more detailed level like Drywall, HVAC, framing, etc.Dumping the transactions to Excel allows you to pivot the data by data elements like Month, Job, Department, so that you can generate a summarized journal entry which can then be entered into QB once - you just need to keep the detailed data somewhere accessible for backup.Example:If I pivot my home depot detailed data for March 2015 I see that I had expenditures for one job for the following departments: BLDG.

I will be collecting all rent into a separate, business-only personal checking account.To me it seems like a big ouroboros, but perhaps you savvy investors can identify a well-known tax advantage or business/bookkeeping advantage to approaching this one way or another.  

I really want to grow my business in the US, however my new cross-border accountant has basically told me that the accounting fees, tax return filings, bookkeeping etc. required to make my operation work the way I want it will eat up most of my returns and thus make these seemingly sweeter deals in the US not so sweet.

My accountant just retired (the bastard) so I need to find an Orlando based bookkeeper/accountant with real estate investment expertise.