The bookkeeping is also easier. 

Just to help verify this amount, I set up a separate account in my bookkeeping system to hold the additional charges.  

Once I found out about SOLO401Ks, I stopped buying with my ROTH SDIRA due to the many simplifications of the SOLO401K, including easier book keeping when borrowing funds. 

What kind of services, operations, reports, bookkeeping is included in the PM fee? 

I'm not an accountant but I do bookkeeping for my clients so I file taxes for them with my CPA.

At it's peak, I spent 2 full days a week on bookkeeping, let alone do taxes.

How should I do the bookkeeping on it?

They do not need a bank account to do most of the aforementioned options.If you are nervous about tenants having your bank account (you shouldn't, because every time you write a check to someone, your account number is on the bottom for them to see) you can always "sweep" the money into a new account after the first of the month.My bank sends me an email each time a deposit is made, so it helps me with my bookkeeping.

(I haaaaate bookkeeping, the sooner I can justify a bookkeeper the better myself and my CPA will be...

I suspect most are not that accurate book keepers and really don't know.. and especially if its out of  state I rarely hear investors adding in the cost of travel to their overhead..