Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.

I am looking to create a value ad to the property.

LLC offers no tax savings.This post does not create a CPA-Client relationship.

I would generally agree that managing more units under one roof does create some efficiencies. 

I know I can create a series of my own documents regarding this in Word and Excel, but am wondering if there is some kind of software package out there that handles this problem?

And you're right, it moves fast when the value-creation chain is created on both sides of the transaction.

*This post does not create a CPA-client relationship.

It was suggested that we create an operational company that will lease rooms to individuals in recovery.

One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection.

Create your 2025 budget.Are your property taxes going up?