I also have a small bookkeeping business on the side, am a Certified ProAdvisor through QuickBooks Online, and I work with any small business, in any industry anywhere in the country. 

Figured I'd get a post up providing basic and high-level advice on bookkeeping and tax planning/strategy for my fellow investment real estate gurus.1.

We use a bookkeeper and a CPA who are very real estate investor-savvy, so the taxes have not been complicated on our end. 

Hey ladies and gentlemen, I am basically ready to make the leap, have all finances in order, great team (attorney, bookkeeper,CPA, Broker, etc.) and have been looking into residential multi-families in Northern CT, and Western MA, and the more I think about it and the more 5 + units I see, the more I believe it would be smarter for me not to be "afraid" of commercial and believe it to be more advantageous to go a little bigger rather than smaller (assuming the price is right) I have spoken to numerous people, and they say "well this is your first property, so you won't be able to get a loan for any commercial",  or " stick with getting the 2-4 unit as your doing, prove that you can manage something small for 1-2 years ( I will be living their) and then go after commercial.

I have only 7 properties and want to start doing my book keeping in house.

Often, you can agree to an interest bearing account with interest retained by the holder for maintenance of the account and bookkeeping expenses, the account may not be required to be an escrow account by the depository but will be on your books.

Payroll, bookkeeping, etc can mostly be done remotely.

For example starting payroll, filling W-9 for independent contractors, tax rules, bookkeeping e.t.c?

Is it really a great book. Keep

@Julie Marquez  Yes we have plenty of staff in place to help.  2 property managers, 1 leasing agent, 1 book keeper, 3 maintenance staff, 2 admins.