Even if you did, The money won’t be in your account until sometime in January and you certainly aren’t recording the money until it’s cleared the bank.Further info on prepaid rents, though Oregon was cloudy on just about everything other than monthly balances being reported to the tenant and 2x being owed by landlord if not returned within 31 days  other states as noted vary significantly  Prepaid rent and security deposit rules: Each state has rules regarding security deposits, and some states may only allow a landlord to collect first and last month’s rent plus a security deposit — and nothing else.

I realize the salary, maintenance, and seasonal expenses all vary depending on location, class, and number of units.

All ours are direct deposit so they vary but nothing consistent or intentional & if they are late they also pay the late fee.

I highly recommend multiple approaches to education:1) BP blog category "starting out".  

What is the best way to track this and "earmark" those funds for that category in the Quickbooks program?

Ask what they see them selling for and what expenses are by category.

My title company has this for $5 a week, and essentially everything listed as a short sale falls in this category. 

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/Wishing you the best! 

@Joe Villeneuve The rent in the area definitely varies a lot, but it is reasonable to get a triplex where you can rent out of of the 3 bedroom units for 1500-1600 a month.

http://www.biggerpockets.com/files/category/spread...have a great day!