@Bonnie Low - it's important to know what services you're paying for.

.👀 Risk ManagementBoth investments require risk management:Stocks: Company performance, market conditions, economic factorsReal estate: Property maintenance, tenant quality, local market changesBut guess what?

In return for excellent service I'll be offering repeat business and I'll happily provide referrals to my existing investor network for those top performers. 

As far as the 1099, that is for payment to owners if you manage for someone else or your vendors whom you pay for repairs and maintenance. 

I've found that CPAs that focus on a niche area such as real estate rather than offering general services to everyone are typically much more knowledgeable about real estate tax incentives.

@Shayan Sameer If you can service all debt and property expenses and have money left over then I'd say it's worth it.

In the sheet for post reno: Gross Income: 6KOperating Expenses: -3KDebt Service: -4Kso  6-3-4 = -1k/month. 

At which point our evaluation should rise on the community for closer to $4,000,000.00We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.

At which point our evaluation should rise on the community for closer to $4,000,000.00We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.

Hoping to go down one of two paths:1- Buy a condo or small single family home and build equity and create value with my maintenance/construction background.2- Find a cash provider to do this on a larger scale with a 3-5 unit building.