This will also help when you file 1099s to report the proper amount to the IRS and send a correct 1099 to the PM for their PM Fees and possibly any Advertising or Repairs they may have doneFor the mortgage you will split it like you have it except the Mortgage will split to include the Principal amount to the Liability and the Interest expense. 

You can even use an FHA 203(k) to buy a fixer-upper and finance the repairs in the purchae mortgage.Otherwise, you CAN buy a property on a land contract with an existing mortgage.

Repairs vs. capital expenditures.- Find out how long the provider has been doing cost segregation studies and how many they have performed - Consider the resources available to the provider. 

Insurance and the structural inspection and associated repairs resulting from the fallen seaside condos has resulted in huge HOA cost increases.  

It looks like you want an all in one accounting software where you can do the following1) Advertise your listings2) Allow tenants to pay you directly with various payment options3) Allow tenants to make repair requests4) Tracking of income and expenses.You may want to see if a software like Buildium can handle this.Best of luck

On all my section 8 inspection I have my contractor walk with the case worker fixing, replacing or repairing anything they might have a concern about right there as the inspection is going on.

When it comes to hard money lending based on ARV (After Repair Value), there are definitely some great options out there.If you have any questions, feel free to PM me.

I would 100% stay go with the professional service because at the end of the day the tenants will not repair it like a professional will but on the other hand would that be legal in your area??????

I'm looking for a trustworthy Turnkey company in the north Florida area (Jacksonville FL) that offers contracting (24/7 repair service) and property management services.

This renters pay on time and this will be their 3rd year to renew, they just want extra repairs to be done to property.