If it’s verbal, they’ll need to document any prior communication or payment records to establish the relationship.If the PM is completely unresponsive, they may want to send a formal written demand for communication and payments via certified mail.

And you need to keep detailed records of all repairs and improvements.

Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

I am looking for advice from seasoned house flippers, both in my local market and otherwise with a track record of success; or even with sound wisdom that can be applied to this potential deal.

They must sign the form.The IRS offers an online tool that lets you check if the tax ID the contractor gave you matches the IRS records.

@Jonathan Small government actions have led to an unprecedented 40% increase in the money supply, 50-year record inflation, record increase in interest rates, bank failures, credit tightening, CRE recession, housing affordability issues, mobility issues, inventory issues, and massive impacts to the world economies, every investment class, and our families, kids, and friends like never before. 

I do not use a property management service to advertise and have always used Zillow to advertise, previous references, housing records, credit checks etc

If it was secured by real estate then there should be a mortgage recorded at the county and those get transferred by a corresponding assignment of mortgage.

BAM has a 14 year track record to boot. 2.)

Some banks recorded assignment behind our loan other banks just held the orginals in their vault along with an alonge.4.