I am the Vice President of OmniKey Realty, and I would highly recommend scheduling a tour with my investment team if you haven't already done so.

What's your schedule look like in the next couple days?

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This is my first spec house and I’ve learned a lot.

I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.Happy to connect with you as well, @Eliott Elias!

We simply include the tax on the invoice sent to guests, which makes it easier to track and ensures we're covered for tax purposes at the end of the year.For Chicago, I’d recommend checking directly with the city’s tax office or a CPA, but generally, you’ll need to register with the city, collect the hotel tax from guests, and remit it on a regular schedule (likely monthly or quarterly).

My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.

My partner works full-time but has a less stressful and more flexible schedule.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

You have a great schedule for real estate having a day or two here and there to devote to REI is perfect to start building your REI portfolio.