They will help you track your payments, send invoices as well as will give your tenants a range of payment options - ACH, credit or debit cards.

Most of them are Corporate entities where W9's are not required, and 2 entities are LLC's where we have to inquire whether they file taxes as corporations.Problems which we ran into are the 1099's are for "labor", not for sales of goods and service, and I have to get contractors that are not corporate entities to give us separate invoices, though I got into arguments with one or two over them.I was on the receiving end of an IRS inquiry when I was in the IT business, submitted a bill for the sale of computers and IT work of over $20K.

They asked for individual invoices from who I hired  (not believing my itemized list).

Is contractor #2 is on your open checkbook for whatever he wants to charge after the job is finished.Meaning if he finishes he can just choose a price of say $1 Million Dollars  as his final invoice, or else he files a lien for that amount (???).

Are all my invoices uploaded to my owner portal?

Then I'd get a loan for 75% of that ARV.If I go the HUD path, before completing the initial cash purchase of the property, I need to provide documentation (e.g. invoice estimates) to the title company on what the projected rehab expenses will be, so they can include it on the HUD.

This new invoice he sent to me is broken down in Materials / Labor,Overhead & Profit but they aren't verifiable.

One that always pays off is the:"ADMINISTRATIVE CHARGES AGREEMENT"Administrative Charges that you may be billed for and will have to payif you do not agree with these fees -DO NO SIGN THIS FORM OR ACCOMPANYING LEASEThis covers things like:Pick up rent - $25.00Unlock house due to key being left inside or locked out due to tenant - $25.00Replacement key for lost key - $25.00Add new person or remove person from lease - $100.00Unclog toilet due to obstruction caused by tenant - $25.00 plus sewer cleaning fee if applicablePrepare eviction documents - $50.00Eviction filing fees $200.00Utility transfer fee for not transferring utilities - $50.00Any trash or debris picked up in yard or around property left by tenant - $50.00 plus hauling/dump feesResident agrees that subject to the conditions above and will pay immediately when invoiced for any charges.It’s understood that the above amounts are minimum charges.

Enter a maintenance request, assign a vendor, attach a fake invoice.

She is now going to be held responsible for ALL the damages and legal fees.Be sure you have documentation: move-in/move-out forms, inspection reports, damage pictures, invoices to fix the damage, etc.