This is where a lot of people make mistakes and then keep those mistakes going until they decide to outsource it.Also, Tax Accountants can create Profit and Loss Statements but that isn't their specialty and they aren't focused on keeping your financials in order.

You can handle it yourself, but if you make a mistake, it will be costly in terms of money, time, and effort to rectify.

Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.

A very specific and common mistake that AirDNA makes is that many STR operators don't allow back to back bookings so for each real booking it will include a day on either end of the booking which it includes in it's revenue determination.I believe Cliff on his experience with overly optimistic projections. 

You are NOT responsible for tenant mistakes, neglect, or abuse.If the tenant installed the washing machine, they are responsible for paying for any damages caused by improper installation. 1.

Consider exploring alternative financing methods such as bridge loans, seller financing, or specialized 1031 exchange loans, which are tailored to streamline the exchange process while ensuring IRS compliance.I remember when I first got started with house hacking, I made the mistake of not looking into all the nuances of 1031 exchanges.

Make no mistake: syndications are highly speculative investments in a PROMOTER with limited upside, but the very real chance of losing your entire principal that are suitable ONLY for highly-experienced investors who understand the risk level and what it means to have no access to your capital once invested for 5 or more years after the investment.

I told her that was a mistake. 

Mistakes happen.

Definitely one of their advantages is that (...assuming you choose well) you can hire someone who will avoid the rookie mistakes so many new investors make when owning property on their own...and has years more of experience and expertise than you could ever acquire.Best of luck to you.