However, the method of handling the 1099 income on the tax return may vary depending on the circumstances and interpretation of tax laws.The approach your CPA has taken, where each property is reported separately on Schedule E and then adjusted on a statement for property 3 to match the total 1099 income, could be viewed as a cautious approach to ensure compliance with IRS reporting requirements.

I usually suggest new property owners setup a business before they even close on a property and then use a business credit card for all expenses moving forward and also for them to link it to Quickbooks so everything is automatically tracked for them.There are a lot of nuances and strategies but this is a 30,000 foot view of why you should opt for business>personal

We bought a house in DFW (Casa View area) 2 years ago thinking we would be moving in.

If you want to invest OOS someone is driving, bicycling, or walking around and viewing properties.

Hmm, two interesting views.

Without trying to sound like a dating website, I’d love to connect with like minded people on their thoughts and views of the industry and different markets - either in Chicago or elsewhere. 

Quote from @George Red: I just don’t want to eat the unit turn costs.This is just my opinion.....but this fear of 'Unit Turn Cost' that a lot of landlords talk about is not good business in the long-term view.

Viewing this as a mere failure could lead them to give up prematurely.

For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

It gets very old, mostly comical.Pictures are there, descriptions on everything, do you people bother to read it before your annoying calls, no, you don't..Do you actually think for one moment that if you are viewing a 300,000. dollar home and you have the audacity to offer 175,000.you will be taken seriously?