If the owner isn't willing to provide a P&L either he's hiding something (from you, the IRS, who knows) or his bookkeeping is such a mess that he has no P&L.

If they have, separate from Sales, a Rental bookkeeper and an admin assistant along with one or more designated PM's, they should be able to properly serve you.

You’ll need to be able to analyze the deal, run the numbers, treat it like a business and be able to contribute either bookkeeping or repair skills or both to limit expense.   

If you want to discuss property management or bookkeeping lets start a separate thread.I will start.Frankly I use a calculator.

I am looking for suggestions on a tax accountant in Kentucky who is could help prepare my tax return and someone who offers bookkeeping services.Patrick Stewart

Yes, you tend to save 7.5% (half of self-employment tax of 15%) in exchange for paying a little extra for bookkeeping / corporate tax returns

I'm looking for a software to manage 124 units that do accounting and bookkeeping.

There was a case where a gentleman with a W-2 job had a couple of rentals and he used his home office to collect rents and do bookkeeping and the court allowed it.

It is better than insurance policy in that you get actual benefit (rent collection, maintenance handling, bookkeeping, etc) even if nothing "bad" ever happens.

Especially for when I am situated in Singapore2) Book keeping and filing for tax for LLC and individual members (since LLC is a pass through structure)Is there any recommendation on accountants who will entertain foreigners?