It will save you time and likely make your accounting at tax time cheaper.As for structure...I would use a separate class for each property so you can do simple table reports by property.I would structure your customers as:- Property = Customer- Unit = sub-customer of Property- Tenant = sub-customer of UnitThis will allow you to see revenue at each level and determine income as well as missed rents at various levels.Also, depending where you are operating, you may need to create custom tax accounts for any sales tax collected or paid (typical on commercial units) as I find QBO doesn't handle sales tax very well (at least in Canada).Hope that helps a bit!

Lol This is great.Between flipping houses i help my son with his landscaping business and junk removal.i went to the home on a junk removal call to give a estimate.The customer did not live at the home and i got their early so i started circling around the house noting all the things i would do to it if i were to flip it, like i always do.When she arrived i looked at the junk in the garage and gave here a estimate and asked her if she was selling.She said yes, so i made a offer.

Good morning Joe –The first question is whether the property securing the loan is “residential real estate” as that term is defined in Oregon Revised Statutes (ORS) chapter 86A, The mortgage lender licensing requirements contained in ORS chapter 86A are triggered by the character of the property rather than the nature of the loan (i.e., the real estate transaction involves "a mortgage, deed of trust, purchase money security interest arising under an installment sales contract, or equivalent consensual security interest . . . upon which four or fewer residential dwelling units are planned or situated, including but not limited to individual units or condominiums and cooperatives.

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My point was you can customize Quickbooks (or Quicken if you go that route) to track you personal stuff and rental property / business stuff.  

For those reason, i will continue to be a customer of his. 

. • Comfortable yet contemporary decor blends custom Italian designs in a palette of taupe, cappuccino and azure. • The sleeping area features a King Size bed and set off from the main living area by a chic bamboo curtain. • Outlets/switches/thermostat at wheelchair reach, FA strobe/horn devices, Wheelchair accessible door peepholes • A pullout sleeper sofa in the living room ensures that this suite can comfortably accommodate up to four guests.

But, I have a 4 unit that the insurance is about $2,500, I keep up with the cleaning in the one small common area that contains the laundry, and I’m expecting one turnover this year which will require a flip with a cleaning which will be about $300 for the cleaning portion.

However, it seems fairly limited in the ability to customize the copy, images, etc.

As nice as it may look, most buyers won't pay you the difference for a custom light fixture, vs something that you bought at Home Depot.Whatever you do, establish good relationships with local vendors that can maintain good inventory.