No, it's not a normal business practice and does not pass the smell test.From driving? 

Part of the reason why the rehab was cost effective was because I have a long relationship with contractors, have experience, and I also give this contractor a lot of business.

This will allow you to put the loan into the entity or business name of your choosing.

I made a similiar mistake in business, paying $1.1M upfront for promises and had no way to cut losses when those promises were not delivered on.

The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.

There are a handful of active agents here on BP in the Portland area (including my business partner and I) who would be good places to start.

and they're difficult to do, because you're up against businesses that do nothing but flip and BRRRR, and here you come along wanting to do 1 home run right out of the gate. 

I remember studying your business model early on through your posts and early podcast episodes.

In fact, approximately 40% of our business involves the Section 8 program.40%...

At one time I had over 2000btc, sold a great deal when while was under $100/btc to start my rental business.