Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?

@James Wise my knee-jerk reaction when I read the e-mail this morning was "Huh, so your telling me it's about to get a whole lot easier to negotiate for seller contributions". 

They are worth their weight in gold when the rubber hits the road.

Because Baselane was created by real estate investors for real estate investors, the categories align perfectly with your Schedule E you'll need to file when you do your taxes.

Should you report it on Sch C or E?

For example, some brokers are as high as $26,000.Are they charging you for E & O insurance, Skyslope, a CRM?

I would recommend deciding based on these criteria:Will you get along with them and if they are a good fit for the house.Do they have the basic credit, income, and eviction history that you require.Getting Leases and admin stuff set upUse e-sign technology to get leases signed.

I also like to make it a condition that the seller deliver a couple of days before closing an Estoppel Certificate from the tenant where the tenant confirms:  (a) true and accurate copy of the lease and all amendments thereto; (b) address/unit they are occupying; (c) statement that Landlord is not in default under the Lease: (d) statement that Tenant is not in default under the Lease; and (e) statement of monthly rent and remaining term.This protects the buyer in the event there has been a subsequent written or verbal amendment of the lease (that the seller does not disclose) and prevents the tenant from making statements to the buyer/new landlord that are different from the terms of the lease that was provided to the buyer from the seller.Vivian

Quote from @Scott E.: Great topic.

I'll get some price estimates and weight out my options.