Probably 4 hours/month dealing with bookkeeping/paperwork.

@Bill HallI have a bookkeeper who teaches a class that is very reasonably priced.

Property manager, contractor, financing, lawyer, book keeper, deal finder, anyone else who will be vital to your business.

In fact I just recorded a couple of book purchases as expenses for a client I do bookkeeping for, not five minutes ago.

Curious what other use for book keeping for their rentals.Do they use a program, employ a book keeper, or pen and paper? 

My partner is handling the phone calls/tenant issue (late payers) If we decide to evict them I help out my partner (probably because I am the more intimidating one :) and get them out. ) We also have a lot of book keeping that needs to be done, we have our own income statement set up in excel that tracks all of this and following our taxes this year we plan to create a balance sheet (to track equity) We have thought about property management but I am not sure how much ballpark that will cost us.thanksMike

So it would include: property tax, insurance, utilities, property management, cleaning, maintenance, repairs, book-keeping, etc.

@Brandon Hicks Are you looking for a bookkeeping app or syndications record-keeping app? 

Have an accountant do the book keeping and accounting (keeps all the money neutral.)   

Get a book keeper, CPA and a good lawyer.