This can get really complicated.

If you use 1 account for everything, it makes everything a lot more complicated and harder to track.To answer Troy's question directly, I have three properties and use Excel. 

This is complicated potentially for someone who's not a tax cpa, and tax laws change all the time.

This one is rather complicated, but I'm looking to acquire a duplex from my Father-In-Law.

It sounds like is probably something I need to hire out, but it gets complicated when I’m trying to look at multiple offers.

The regulation is more complicated than that and actually has some more opportunity for you that you should have been told about.If you name three or fewer properties on your list then their value doesn't matter (for the identification list). 

I have a pretty complicated personal residence situation through my divorce decree. 

It’s a complicated and time consuming transaction.  

@Rodrigo Mora Sandoval  If you're getting paid under the table you're not really bankable which does make real estate investing a lot more complicated.- Option 1 - Claim the money on your tax return so you can get a regular loan from a regular bank.

I do business in OR/WA and TX is different, so am curious.I do apts, so I do have a short list of title officers since they're more complicated deals (handling pro-rates on funds), but if that officer moved to another title company, I'd follow them.