I am in search of an efficient system  to track my rental properties regarding income and expenses to make it easy for my accountant at tax time.

Taxes in these zip codes might be higher but they're great long term holds with steady appreciation.

You need to understand the tax regulations on both sides of the boarder.

Hey Russel,Admittedly, I do not know BAM; I am curious about what is driving your interest in/decision to invest whether its a preferred return or more back end equity, or just tax advantages.The market has definitely put some operators' projects in distress, and it is very unfortunate, but the flip side is that other operators are able to use stabilized financing to acquire these distressed assets.Our operator partners are seeing an almost 20% discount as they are acquiring assets today.

I also try to be really clear with the MTR tenants I have how things are going to operate during their stay so there is no confusion when they are staying.This includes describing if there will be mid stay cleans, mid stay restocks, payment schedule, etc.

See a tax advisor

You are going to see these benefits in the long term, and while you live there you will save on your monthly expenses and also get tax benefits doing so. 

You need to talk with your attorney and tax advisor to determine the best structure for you and your goals.One big positive in LLCs, even though the cost to finance is much higher (more down and higher interest rates), when you get commercial loans, they will no longer be on your credit report.  

We are ahead of schedule with rehab, however having taken a HML on it, I am trying to get the place rented out ASAP to then cash out refi.

We would like to keep the operating revenue and expenses separate from our personal stuff but want to file them along with our personal tax returns.