I would like to start keeping books on my properties vs having their financial information buried in my personal finances.My questions for the community:1) If my goal is to eventually seek financing from others and therefore I will need P&L Statements and other reports on my properties, what software should I use - Quickbooks, Buildium, etc?

I have some information that may help you with your goals.

Thank you for taking the time to share the information.

hey jerry , welcome to BP , i am fairly new to this site also but have found it to be very helpful already , i do business in central mass and northeast connecticut , from my experience here most are completely transparent and dont hide anything , the good ones i mean , anyways good luck and i highly recommend the podcasts , i am addicted , some great information on there . 

I'd appreciate any information or direction to get this thing handled correctly.  

I'm full of information.

The PM uses Appfolio and when trying to set up the ACH transfer to deposit rents to a bank account in NY, Appfolio (which is based in CA) stated to my PM that they can not do ACH transfers to NY because of 'NY Banking Laws' but they didn't provide to her further information on that.Has this happened to anyone else whose PMs use Appfolio or other similar app to get deposits from Out of State to NY or any other state?

Ann Hello and Welcome your at a Great Place on BP an Lots Of Information on Wholesaling make sure you Network an Join some meetups & your Local Real Estate Club in Your area as well.

I really appreciate the information!!!

I just got my interest peaked in my crazy online search for and affordable real estate investment but haven't the slightest clue as to if I should even begin to peruse just for informational purposes or actually roll up my sleeves and go for it.