Depending on the bookkeeper, that first acquisition or refi may recoup your annual cost and open up additional growth. 100% do recommend cloud accounting software like Quickbooks Online, 100% do not recommend hodgepodging a system together yourself.

Platforms like tenant cloud are great if you plan to grow and keep doing everything yourself.If think you would ever outsource property management, it's worth keeping your property management software seperate and using a generic accounting system like Xero or Quickbooks.

I'll echo @Nathan G. on Tenant Cloud.

I almost don't want a cloud based system.

Basically, there is a huge difference in the eyes f the court between a word document that you type up on your computer in layman's terms and an official legal document drawn up by a professional, and in the words of the lawyer who gave me the advice "any half-wit ambulance-chaser can tear that thing up without breaking a sweat."

Chicago just imposed a 9% "cloud tax" targeting the same tech industry they are trying to lure to Chicago...http://www.chicagotribune.com/bluesky/originals/ct...