It was a personal referral, received a credit at closing for renovations as well How did you finance this deal?

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

People want reliability, honesty, being on time, and having a good personality more than just a few $$.

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc. 

Are you able to go there in person to build your network? 

The other PM can be a fix-mindset type of person where they are not willing to share anything unless you have a property and are willing to sign a PM agreement in the same conversation. 

So they price those homes at what a willing homeowner will pay for their personal residence.

Insurance- personal property.  

Personally, I'd go with the As-Is scenario.

Who is personally going to be liable if the guarantees aren't met?