3- If its Taxable to them; Must we issue them a 1099 next year for the $30K also paid to them or HOW would you handle that?

I was back out there in 6 months replacing them because the gaskets leaked or the handles broke.

Likely best to have a real estate attorney handle this all for the private lender, unless they have experience or can navigate that process themselves. 

Going turnkey is a smart choice given your time constraints, just make sure you have a property management in place to handle the proeprties for you. 

Based on the latest median home sale price in Maryland ($418,534), that translates to a total cost of roughly $22,350.Home sellers typically cover the total commission fee from their sale proceeds, which is split between the listing and buyer’s agents who handle the sale.

IF you have a recorded mortgage and it was a normal sale handled by a title company and the buyer wanted title insurance then you would have had to be paid off and signed a mortgage release or a reconveyance deed.One way or the other if you want some constructive help you need to clarify what you actually did..

My name’s Shawn Soltani, and I’ve been helping investors from the US, Canada, and Europe find amazing real estate opportunities in the beautiful south of Spain, particularly along the stunning Costa del Sol.Whether it’s for a vacation home or a solid investment, we handle everything from property searches to legal and financial support.

If you can handle that, then yes, it can be a good deal: bearing close to downtown and coming in at a lower price point. 

They can handle bookings, cleanings, and guest communication, so you’re not always on call.Also, keep in mind that some areas have specific rules and regulations for short-term rentals, so make sure you understand what’s allowed in any location you're considering.It’s great that you’re eager to learn, and with the right strategy, STRs can definitely help you gain more freedom.

When you only own 1 or 2 you never become proficient with handling them and because you only have a small number there are more ups and DOWNS!