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.

S-Corp 100% Shareholder for buy&sell short-term.I am thinking of transferring one of my inital 2004 S-Corp properties that I ended having as a long-term rental over into my LLC.How would this be handled bookkeeping wise.1.

I don't do this because of the bookkeeping, although it turned out to be easier to do the books in a LLC, but because of hopefully the legal protection it gives me.

I am a mom to two young boys and owner of a bookkeeping company.

He also does bookkeeping.

It still requires a book keeper to manually enter things, but if you are looking for a solution to use on the go, that is cloud based and free, I would explore evernote.

Also look into:- Bookkeeper (hire someone) so you can concentrate on building your assets and equity- CPA advisor (not just tax prep) and at least meet with them every three months with your financials- Real Estate Attorney - may sure they are in sync with your CPA Advisor- Tax Preparer - could be an EA or CPA.

@Raj G.Yes you can have checkbook control or have the banking and bookkeeping done for you- your choice.   

For example, if you end up having excess losses that carry forward from year to year, and then you sell one of the properties - then the allocation of overhead expenses will matter.That said, if you want to simplify your bookkeeping - stick with #1, even distribution.

The bookkeeping is also easier.