I can upload these lists into PropStream and PropStream will find the owner information and populate it into my list so I can export it and have if skiptraced.

He responds informing me that I indeed needed to issue 1099s and this was required to be sent out by 1/31/2023.

The information contained in this post is not to be relied upon.

Percents and "doubles" are useful pieces of information, but what is the net amount we're talking about?

Hi Brian, Yes I did a bit more research after the initial response and found the same information you just described.

A ton of free information out there that's extremely valuable.

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

But before this purchase I informed well, and I found a lot of useful information here: https://www.a1autotransport.com/auto-transport-financing/ related to shipping, how the whole process is going, etc.

This keeps it informal while also showing your expertise in both areas.

You left out information that maybe relevant such as taxes/insurance per year, maintenance cost anticipated per year... plus other expenses depending on rental such as management fee(if you aren't manager), advertising cost to acquire renters, etc....