I am going crazy trying to figure out the best way to get started with bookkeeping.

So now it's got me thinking about banking and book keeping and staying organized.

Some people do this with a separate bank account, some people do it with multiple class in bookkeeping software in QuickBooks. 

@Pamela BoddingtonMake sure you hire a bookkeeper who is familiar with how to do the books properly.The output of the books is only as good as the quality of the bookkeeper.

I did all of the bookkeeping, property analysis, tenant communication, on and on.

I am also in the data gathering stage of trying out first flip, so any one with tips for a first timer would be much appreciated.As for what I can offer you all in return is valuable knowledge of my market, tips on being a landlord, bookkeeping, partnerships, balancing investing and working a full time job and my past experience with conventional financing.Looking forward to meeting and hearing for you all.All the best,Phelim

Payroll, bookkeeping, etc can mostly be done remotely.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.

While this mark up might sound crazy, it is with this "profit" that the contractor is able to pay corporate and/or personal taxes, liability insurance, bookkeeping and CPA fees, sales commissions, and if the job was bid correctly and all things go well then they get to pay themselves a salary.

Jason I am using Stessa for book keeping.

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