I feel as I'm expanding that having an accounting software to track/categorize my expenses would save me time.

I literally just need to categorized income and all types of expenses.Do any of you properties investor have a recommendation on what accounting software to use for these type of set up?

I am trying to simplify and automate as much of the bookkeeping process as possible.The core features:- Bank linking using Plaid (less reported disconnection issues than Stessa's integration)- AI transaction categorization- Automated mortgage breakdown into principal, interest, escrow- Profit and Loss, Cashflow and Schedule E reporting by property- Recurring transaction tracking dashboard- Receipt uploadingPlanned Features:- Balance Sheet- Receipt scanning- Cashflow projection- Collaborators- Turbotax exporting

Talk to your CPA and make sure it’s categorized rightI hope this helps !

Phoenix has a pretty diverse market, and while there’s no official A/B/C/D breakdown map, you can generally categorize areas based on price points, rental demand, and appreciation potential.For BRRRR, you’ll want to focus on places where you can still find properties at a reasonable price, add value through renovations, and get solid rental returns.

One tangential thing that maybe is missed or isn't clear from the above discussions, you will probably not be able to shift from long-term to short-term during the year AND use the "average rental interval of seven days or less" way to categorize the income or loss as nonpassive.Example: You rent for month of January as "long-term" rental and then do weekly rentals for the remaining 48 weeks.

There are always opportunity on the MLS....properties that are listed/categorized incorrectly....properties that rely on public record square footage that is not accurate but the broker is too lazy to verify and simply relies on the autofill data, properties that have base zoning that allows for a better use, properties with unique characteristics that are not properly detailed in the marketing information, properties that are simply listed over priced and become stale and are good negotiation opportunities. 

Longer-term, I’d like to integrate machine learning to categorize issue types and trigger workflows.

Keep detailed purchase records and categorize expenses correctly for compliance and tax optimization.This post does not create a CPA-Client relationship.

I would prefer something I can buy once - software subscriptions are a nuisance.Something that automatically downloads transactions from my online banking portal and that can be used to easily categorize expenses for financial statements would be excellent.Thanks,KevinHi, Kevin.