If you can't do the work yourself, really vet your vendors.

Another item to think about on this when getting into flipping or rentals in smaller communities is the vendors or contractors that are in the area.

He personally screened every tenant, handled every maintenance request, and even showed up to mow the lawn at his properties when the landscapers were running late.His phone rang constantly—contractors, tenants, vendors—all needing his immediate attention.

.- Build Relationships with Vendors: Getting quotes from local contractors or vendors for common maintenance or repair tasks can give you a clearer picture of recurring costs.

Home warranty programs charge a trip fee every time you file a claim, and they use that fee to compensate the vendor.

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.

A PM will also handling coordination with vendors.

Interested in getting introduced to your vendor 

There will be before pictures, after pictures, and a copy of the invoice from the vendor.

@Hassan KareemI highly recommend attending local networking events to connect with experienced investors and vendors.