For the 1099, check if the plumber is incorporated, as payments to corporations are exempt from 1099 reporting (disclosure: some exceptions apply).

If there is some you saw please post here please in this forum.I started creating a Google Sheet that incorporates investment , expenses  vs credits and shows a percentage return o ROI .

The other thing I think is worth mentioning..and I don't know how large this project is, but have you entertained getting a bridge loan that incorporates some of the rehab funds or maybe all of it (again, depending on scope of the project), rather than tying up or allocating potentially all your cash into this project?  

But not sure how without official invoices.If you are incorporated or an LLC, then there is a way to actually hire your kids and save on the taxes. 

I would be happy to walk you through the rules and regulations of each of the incorporated and unincorporated areas of SLO County.

Background out side of REI: I have a masters degree in sports marketing/business and currently work at Fox Sports as an Account Executive selling our TV and digital assets (commercials, in-game logos & reads, activations).Short term goal: networking on BP including any meet-ups in SoCal and retaining as much information on the forum and podcast that I can, to put into action!

@Gregory - I also use a GC but I also incorporate hiring subs too so I guess you can say I do both.

The Articles of Incorporation are the most important part of the LLC...

Next, contact R.E.A.s that specialize in corporates.

"I" myself am incorporated in NC as an LLC properies management.