I have another deal schedule to close next week and another the beginning of next month; both using them as my JV partner.My advise is to make sure your numbers are right, know your time line and negotiate good terms in your contracts and you'll be fine.

Managing other contractors, scheduling with them and the tenants, making sure they are on time, doing a good quality job, takes a lot of time, and having a good team to manage that is crucial.

Communication - how do you communicate scope, costs, schedules, and most importantly, conflict resolution?

It was really hard to schedule cleaners and contractors for repairs on such short notice, and, though we were able to get some of them, my husband ended up doing a great deal of work on the unit (and had to cancel a number of his plans in order to do so).

Please don't hesitate to schedule a time to talk below if you're interested.https://calendly.com/tycoutts

@Gita FaustI do complete my own taxes, however even if I did not you could still make the entries if you knew the depreciation schedule/rules and reviewed your previous tax returns.  

Whether it was making an offer, scheduling a home inspection, or just visiting the property again, taking one step at a time made the whole process feel less overwhelming.

I have a call scheduled with the PM team this week to discuss the situation and lay the groundwork for terminating the contract.

Remember that you can only get one home equity loan per year, you can only have one home equity loan on your home, and you cannot convert your home equity loan into a different type of loan, so choosing the wrong loan can be an expensive mistake that you cannot quickly fix.Time Factors: If you need money quickly, don’t forget the schedule for closing a home equity loan, and make sure you will have time to complete the process, close on the loan, and wait through the cooling off period before you have access to the money.

You can start by reporting it on your Schedule E but you will be subject to taxes.