Can anyone recommend software which would accept monthly payments (from me to seller) and create proper 1099 forms for tax purposes at year end? 

The most important step to avoid a catastrophe is to create a detailed contract with your contractor.

Financial freedom goes beyond simply replacing your current income—it's about sustaining your lifestyle for life.

I am creating a 5-7 year plan of action for my family.

These subject to strategies all seem to risk doing something illegal, not my style or a strategy I would call sustainable.

A few reasons I choose to bank with them:-Very easy to set up business bank accounts under my LLCs-Option to create virtual accounts under each LLC.

Unfortunately for the owner he/she also didn't update the property in that same time period....cabinets, flooring, painting, landscape, etc resulting in a lower NOI.However, this creates a value add for the new buyer to update the property and raise the rents!

To have standardized increases would either take money out of your pocket or create turnover.

Create a bonus structure that gets those managers pumped to perform.

Check out FilePlace, where user-created forms are available for free.