You do need to keep maintain basic bookkeeping for the property, but it would be no different from personal investments, just different set of books. 

For banking, I think Capital One has a nice user interface.For bookkeeping, try Quickbooks, Stessa, or Landlord Studio.

I am seeking to add a real estate CPA and bookkeeper to our team.

Good Morning!My company has been investing in real estate for a while now, focusing mostly on rental property, but also flipping houses and selling properties at wholesale as well. We have recently moved to Indiana an...

Granted, pretty rare...Really then, it comes down to you bookkeeping... 

I was wondering what type of bookkeeping software property managers use for a situation like mine?

. $46 isn’t maintenance, it’s a book keeping charge.

Since you had to ask your question, you are not ready or qualified to invest other people's money and before you do you need to have a conscience and be aware that you are putting other people's money at a high risk if you don't have what it takes to find the right property, have the ability to manage tenants, have the ability to do the math, keep the property in good condition, have a good handle on how to do clean recordkeeping, how do accurate bookkeeping, send your investors reports, how the taxes work for every party, how to deal with contractors and maintenance, how to evict tenants and get new tenants quickly and the list is much longer.

All you need to do for your bookkeeping is make a paper form and Excel form where your total income and expenses match your monthly bank statements.

Plus I use Wave for bookkeeping...I like simple, I would have to get more than 10 places before I deviated from what I'm doing now.