Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

Timely because January 31st is the deadline.Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors2024 update: While not directly related to sending 1099-NEC forms to your contractors, you may have seen the panic on social media about every $600 electronic payment reported to the IRS under a new law.

.* Leverage Social Proof in Your MessagingWholesaling is all about trust.

This includes structural components of the building.

@Tannia CastroRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

She was being diplomatic and didn’t say specifically it was me and the other Multi Family Mindset student but we got the impression he was trying to get us pushed out of it so he could move in and get a bigger percentage.A month or so went by and then next thing I know we had to learn by a social media post that my Multi Family Mindset coach had a new deal with the two former students who we had partnered with on this same deal.

let them know you want their official answer for posts and information is posted on social media and the newspapers before you post anything so they have a chance to review it. 

Feel free to DM me if you'd like more insights on all this (we don't do biz in Alabama so got nothing to lose).Here's some other "copy & paste" advice on how to search for a better PMC:----------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

.: I would never give the party on the opposite end of the transaction POA over the property, or my social, DOB etc.

But joining a good Mentor and Networking group can be advantageous if you are missing any of the needed components.