Keep in mind that a lot of these CPAs are outsourcing their work abroad, billing you at rates like $150 to $200 per hour, but only paying the overseas workers $28 to $50 per hour.

If you plan to go big scale, then you will eventually outsource your bookkeeping and accounting to someone so you can focus on more deals.If you or @Eva Croasdale are interested in a DIY route, Keith Gormezano (a.k.a.

.), 4) learn how and when to make repairs on my own and how and when to outsource them to handymen and contractors, 5) start building connections with other professionals in the real estate industry (agents, contractors, lenders, insurance brokers, lawyers, accountants, etc.), and 6) start building experience and a track record in the real estate industry which would later allow me to move onto partnerships, joint ventures, and bigger and bigger deals and opportunities. 

My opinion is this (formed from personal experience investing in just about every way possible - house flips, wholesaling, short term rentals, long term rentals, new construction, NN commercial, NNN commercial)The most passive way to invest in real estate is buying a NNN property and outsourcing the administrative work (invoicing the tenant, paying the tax bill, etc).

We ended up outsourcing all the management after hitting 3 properties. 

@Danielle M.You need a separate QuickBooks account for each entityIf you buy in your name or a single LLC then need one account, you just have each asset as a separate class.My recommendation is to outsource this task

This service is essentially an outsourced monthly accounting service for the fund / partnership.

With a property your size, you will probably want to outsource this - plan to revamp the exterior to give the project a new look so people "see" the change - establish ground rules, thresholds, within the law and stick to thembest of luck

How much was outsourced?

Do you self-perform a lot of your work or outsource to local professionals?