@Donald Hatter We send the information to a collection agency who attempts to recover the money; after they make several attempts they place it on their credit report. 

If you are self-employed and do not report much income, you may also want to look at other NOnQM programs such as a Bank Statement Loan or P&L Only Loan.

Providing a lease to the appraiser can also help in giving them an idea of the rents that you're expecting on the report while also confirming that there is demand in the market already for the value that you set the property at.If you're looking to refinance a property using a DSCR I would be happy to help!

Are you using a specific property management software to handle this automatically, or do you have a different system in place to ensure accurate tax reporting?

If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

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.

Did ask about specifics they are interested in and after 8 hrs of no response I reported it as spam.

One man reported successfully receiving a refund within 90 days.

This allows you to report the rental income and expenses directly on Schedule E of your joint tax return, simplifying your tax filing process.

I believe they are I've done some research and from what i remember seeing on the reports, they missed 2 payments and just currently paid this past week