Reporting the proceeds you pay to seller on a 1099 sounds reasonable.

There is virtually no reason to keep “cash” on hand for repairs. 

I am a father to one, she’s my reason to keep going and not give up no matter how hard or complicating it gets.

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.

We’re fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

I enjoy tenants turnover ever few years for the reason fair market rents tend to increase significantly year over year. 

The only reason he did it was because it led to additional work.

@Jose Morales Is there a reasonable expectation backed by fundamentals suggesting these properties valued at $25K will appreciate?

We just had an electrician come in to talk about our options for heating upstairs.Option 1: Electric baseboard heat - electrician advised against that for many reasons.

It is consistently ranks in the top 5 areas for real estate investing for a reason.