All the money into one pot.The payments, upkeep, insurance, bookkeeping, etc. come out of that pot.

We would do repairs, and bookkeeping, and be responsible for income and expense reports to the Forest Service. 

We talked income and expenses (though his book keeping is lax), but didn't discuss purchase price yet.

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.  

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

Are you looking for help with both daily bookkeeping and end-of-year tax filings?

I should add bookkeepers and every other hardworking staffer in an accounting firm!  

(My bookkeeper was recommended by my CPA.

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.

I don't want to get a tenant toilet call and that there 2nd job cut hours so I will have to go by their place 2 to 3 times over the month to get full rent and do double bookkeeping records.