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.

The person you inherited the property from used it as a rental? 

Do a bit of digging, and you can find single-families in suburbs like Decatur or Meridianville that appreciate at rates above the statewide and nationwide average and hit the 1% rule at the same time.One caveat, though, is that most rentals in Huntsville proper probably aren’t going to deliver the cash flow you’re looking for.

Paul has started at least 3 separate threads in the past few days announcing to the world the success he's having with section 8 rentals and repeatedly reminds us he doesn't have a clue how to calculate the true operational costs associated with these properties. 

Im currently in the process of getting it rolled into an actual mortgage since these are rentals.

This will be an excellent home for a starter home, small family, long-term rental, and definitely a really cute AirBnB.

Although I do my own rentals so it doesn’t bother me to do it. 

We use efroms.com for our rental application.

Also, the refinance of the property into a long-term DSCR loan to hold the property for rentals after your rehab is complete.

I have two rental properties through the VA loan being military.