And then if they are, they're actually willing to do the back & forth negotiations require. 

Actually, it is possible do structure a 1031 Exchange on the sale of one or more relinquished properties and then using the proceeds through the 1031 Exchange to construct improvements on real property you already own.

And oh I have heard that about the majority of people not actually practicing. 

That is actually still challenging enough, as many clients have told us - in hindsight they were glad we talked them out of a full-blown rehab.

My family actually have some properties in FL, and I have also researched this area quite a bit and I saw it might fit my strategies. 

Hey @Mike Williams, we actually have a lender in our network that can get this done.

Even if they do not, it’s not your legal responsibility.Long version: It actually depends on your method of payment, and it’s not always clear.Credit card payments: clearly not you problem, no 1099s needed.Zelle payments: you DO need to send 1099s for Zelle payments.PayPal, Venmo and Cash App payments: this is where it gets tricky.

It’s actually working really well and has been very helpful.

I’m not local, so I’m trying to get a feel for what it’s actually like making deals in this market right now.

I was actually a little low, I pay $154 per month ($1848 annual) for my two QBO plus accounts.