Buying rental properties is investing in a business and a place to make your money and time work for you.

I have 7 MTR and my income is 1.7x my long-term rates ($1200 vs $2000), but that is very specific to my properties, my location, my business model, etc. 

Another thing, the threads move down the forums rather quickly because it's so busy, so the odds of your post being seen for long by very many people is minimal. 

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

Shaun Shaun,I am a "specialist" and currently a business owner of a design and drafting company in CT. 

Hi Davis,I live in NC but invest primarily in Greenville SC / upstate with my business partners. 

@Marcus Stokes, house flipping is a full-time business operation, even with current market conditions.

@ Felipe, If you still manage properties in New Britain, I would like to learn more about your business.

Provide copies to all parties involved.This project-specific agreement works well for one-time jobs, but if you plan to work with subcontractors regularly, I highly recommend having an attorney draft a Master Services Agreement (MSA) for your business.

Some investors also use a business line of credit backed by their cash flow, which can help with future deals.If you’re planning to scale, maybe start stacking that cash for the next property or even park some in T-bills for short-term returns.