One of my partners @Bolanle Ogunmakin is also moving to Atlanta right now so maybe she could help (not from Chicago though).Additionally, our awesome bookkeeper lives in Atlanta and is doing AirBnB. 

The bookkeeping records verify the facts.

You just need to track (do bookkeeping) correctly.

If you are a professional and legal Property Manager (which you should be) then you should have book keepers and a CPA who handle this for you.

@Neil Smith, I'm sure there are a LOT of different ways to handle these things. 1) Tracking income & expenses such as rents, repairs, rehabs, etc I use quickbooks online and have a bookkeeper handle it for me even though I am a small operator.

I'm currently in the process of looking for and hiring a bookkeeper and new CPA, so if anyone has any recommendations that would be awesome!

Im starting out a platform that would buy and renovate single family homes at a volume 10+ at a time.Im looking to outsource almost all the tasks (bookkeeping, property management, renovation project management) and work with wholesalers and brokers.

Good quality bookkeeper will cost you money.

Hi. Maybe I am over thinking this, but I am stuck. I have a set percentage I am taking our of rent for reserves: CAPX, Maintenance, Vacancy; etc.. How should I be tracking this in books? Should I be crediting or debit...

Many investors make good money, but they are miserable.There are several serious assets a person should have before they jump into real estate investing such as:a) enough cash to handle the unexpected repairs, vacancies, tenants who don't pay rent and legal costs,b) enough math skills and many other experiences about properties to understand whether or not the purchase of a property will result in a profit,c) enough math skills to calculate your profit at the end of every year and this includes understanding enough math to calculate your profits from depreciation, rent income, rent increases, property appreciation and increased property value that results from rent increases e.g. using the Gross Multiplier.d) the mental maturity and skills it takes to deal with tenants who, who destroy your property, don't pay their rent and then to deal with evictions and attorneys without getting stressed and going insane.e) be knowledgeable about real estate rent laws andf) ability to produce accurate bookkeeping records for banks annual audit and the IRS audits.So, when many people ask if the real estate business is good to get into I don't think it is right to just tell people, "'Anyone Can Do It".