Sounds like you might have been a little uninformed.

For those who don't know, Dallas had a wide sweeping ban with no exceptions It sounds like Dallas eventually backed off this ban before implementation. 

Hey Brendan - It sounds like you're taking smart steps to navigate the slow season, and the adjustments you've made are all solid moves.

I respect him and what he did for BP, but that sounds like bad advice. 

That sounds like a strategy that some of the YouTube gurus are teaching to wannabe investors with no money or experience and that is going to end up with a lot of deals going sideways as these buyers will probably fail because overpaying is obviously a bad strategy to begin with. 

It sounds cheesy, but the best way to prepare is to work with a friend or two and role-play.

@Shelley AustinWhile it sounds great - if they cannot qualify for conventional financing will they be successful and pay you?

Doesn't sound like any of this has been provided.

Whatever it is, it sounds coolI feel you bro.

I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.