Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Just about any bank can open a joint account. 

You can collect rent, do your banking (unlimited virtual accounts), and do your accounting.

Sounds like internal accountability is really important to you!

@Chris ShonYes, a real estate accountant is worth what you pay them.

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

I have watched Youtube and Instagram video/pitches till Ive become cross eyed the last several months absorbing pitch after pitch after pitch and am asking for advice.

Reach out to real estate investors through LinkedIn, Instagram, or networking events for further advice and resources.Good luck!

If you have an LLC, the accounts should be business accounts in the name of the LLC.