@Keegan Wetzel I just relocated to the San Diego area as well, and would like to connect with your CPA, could you possibly send me his information?

Give them all the details, contact information, time lines, relationships, etc.  

Therefore you have to rely on contract, if its a new build, make sure its in the Purchase Agreement.Why?

Purchase in an international market for potential high returns?

@Mitch Davidson I purchased a property recently and closing in May.

You can also do up to 85% LTV on a purchase. 

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?

She has quite a bit of experience regarding investment real-estate purchases.

The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.

Thought I would pass it along.The Myth of Cash Flow Not sure what Andrew is smoking, but I can give you a real world example in NJ (NYC suburb - I don't know too much about MO, but I can use NJ since we just purchased another three family.Price 700,000Taxes - $11k (rounded)Insurance - $1700.00 (rounded)Water - $100.00 (rounded)Common Electric - $50.00 (rounded)We can use his 7% with 20% down.Payments - $4,930.68Apt 1 - 2 bedroom - $2,000.00Apt 2 - 2 bedroom - $2,050.00Apt 3 - 1 bedroom - $1,800.00Total income -       $5,850.00Total expenses -     -$4,930.68==========================NET                         $1,019.32 x 12 = $12,231.84The cashflow "myth" is bullsh!