The tenant wants to stay another 2 years.My other adult properties have often had long-term tenants.

Sara, Just very slow this year in long and mid term.

I am happy to pay a competent firm to keep me from violating the terms of my plan and answer questions, but somehow I fear that no one will want my account because the banking part is outsourced to Titan Bank (which is not paying interest, so I should probably switch from them too) and perhaps there are no custodial fees to be had the way this plan was set up. 

If SF can be turned around, I think it could make a lot of sense if you understand the intricacies and can put up with the tenant/landlord law for the long term.  

My focus has been taking abandoned properties and renovating to rentals, both short and long term.

Business-related payments sent as “personal” (which would be a violation of PayPal/Venmo/CashApp terms, btw) DO require 1099s.I do not have my contractors’ SSNs – what do I do?

In the near and immediate term, expect dramatic changes to the local Southern California RE market.

For long-term planning, consider transferring the property into a trust to manage tax and legal complexities.This post does not create a CPA-Client relationship.

Tyler,Within my 20 years of experience as a landlord, if I had $150k and good credit, I’d focus on either flips for fast capital or rentals for long-term cash flow—trying both at once can slow you down.

A small amount of effort yields a good long term ROI.