In general, smaller buildings in NYC are difficult to manage as they entail a slew of services (rent collection, bookkeeping, maintenance visits, tenant disputes, leasing, local law compliance, payroll, insurance, insurance audits, etc.) that aren't cost effective for the owner of a small building, and the fees aren't enticing enough to afford the best talent in property management space.

You have to make sure that your bookkeeping is done correctly to reflect the house in the partnership first.

How to start building a REI business (bookkeeping, tracking, documenting, etc.).

Based on their website, it seems automated, has bookkeeping, and a good savings rate as well.

There are very good reasons to understand the basics of real estate and contract law, understand basic tort law, basic business rules and just a flicker of simple bookkeeping.

People may tell you it is more costly because you have to file a tax return for each LLC, and their is extra bookkeeping and paperwork. 

Real Estate - Pay off credit cards used to buy rentalCoaching & Bookkeeping Business - Add 2 more Monthly ClientsCandle Business -(Purchased in May) Turn profit, pay off credit card for materials, have a $10k Revenue month!

Click on the magnifying glass in the upper corner a search record keeping, bookkeeping, expense tracking, you’ll find the last 2000 responses.

I turned my accounting practice into a hard core outsourced bookkeeper controller services and my wife is completely in charge. 

Executive, to me, is when you are only doing negotiating of purchase and sell transactions, financial due diligence, improvement/repair budgeting and planning, neighborhood or city counsel meetings(politics), other networking efforts to find deals and financing,  doing coordination with accountant and basically managing all the employees that do the bookkeeping, leasing, maintenance while possibly directly helping out in whatever discipline needs it at the time.As for my plan, I am already "weaning" myself off of DIY, slowly....I have great plumbers, so, I no longer do any plumbing, except very minor stuff that takes less than 5 min to fix.