Hearing a successful stories motivates even more to dig deep into studying and researching the RE business!

Technically speaking, you only need to issue 1099s for the business portion, but I would not dive that deep into technicalities and issue 1099s for the entire amounts.

It too needs updating, probably some maintenance but I’m not sure how deep the rabbit hole goes.

You see like many average Americans My finances are in a small mess, but I’ve just gotten my income tax return and paid down some credit card debt, so I want to use this breathing room wisely.

I have 4 kids so like you I am busy but one thing I have heard and learned is work hard for a bit till you get started and then you can breath. 

You see like many average Americans My finances are in a small mess, but I’ve just gotten my income tax return and paid down some credit card debt, so I want to use this breathing room wisely.

This would challenge me and force me to grow and to tap a deep reservoir of potential.I'll spare you the details of that quest of inner discovery.

@Alex Meneses Conventional loans - Fannie, Freddie, FHA, VA, USDA, are for living breathing individuals with a pulse.

Times have changed, and there is a great misalignment of interest in the landlord industry with that of the investor, but if you look closely enough, you will find that the roots run deep, and straight to our friend Jesus

Because it is paid off the property is deep into negative cash flow from the property turning your asset into a liability.