Quote from @Randall E Collins: I have properties for wholesale, cannot locate investors in my area, WHY?? 

I'm with @Randall E Collins, I personally have never had a good experience with it, especially when I was first starting out.

for example if I have a property rented for $2000 a month and I charge 1 month rent as a turnover commission and 10% of each monthly rentals as a management fee I would send my owner a 1099 for the full $24,000 and they would just line items the turnover commission and monthly management fee as an expense on their schedule E , correct? 

I am trying to figure out if this setup would be treated as a substantial service subject to schedule C, or if I could use Schedule E.

@Angelo CortezMost STRs report income and expenses on an IRS Schedule E (not Schedule C) unless your STR is offering "substantial services"-> for example, concierge services or a butler to guests. 

Euclid off of Euclid Avenue, houses in the E 190s, and the condos in the E 270s are areas that might give you some trouble (though nothing nearly as bad as what you would get in most of East Cleveland).

I think that was Albert E that made that quote.

Purchase price: $336,500 Cash invested: $20,000 Single family home in E Nashville.

Account Closed  Actually, QBO Plus can track, prepare and e-file 1099, set up budget, however, it does not track mileage which I don't see it as big deal since you need this only once a year and apps are available too.

Commission is going to be 80/20, 18000 cap, and $22 a transaction for the e/o.