.), it is a relatively simple matter for the CPA to pull the figures from the year end reports to prepare your taxes.Most PM contracts state that that their duties are to "manage" the property, including showing Prospects, soliciting Rental Applications, and selecting Tenants; completing a standard Rental Agreement package that is tailored to the property and locale; conducting move in orientation and inspections with full documentation and photos of conditions; managing the Tenant during occupancy, including handling routine repairs; conducting move out inspections and documentation for reconciling with SD; depending on spending limits within the PM Agreement, handling turnover repairs and ensuring invoices or written estimates are obtained within the SD deadline period; obtaining one or more proposals for projects over the PM spending limit.

If you go the flipping route you may be investing less cash up front, but be careful because labor is expensive right now so you’ll want to spend time making sure you get great contractors and incentivize them to hit the deadlines you set. 

When you send something for signature, include a deadline and a consequence if they fail.3.

If there was an inspection clause in the offer and they met the deadline, then the earnest money needs to be returned.

I had heard about that in an investor group meeting last year in the Spring but understood that there were limited funds available which were almost gone (expected to be used before the first set of zip code deadlines)

We also have a large text thread of the contractor agreeing to deadlines but missing them and refusing to give us an itemized bill.

Definitely no rush however I need to make a concrete deadline.

Give them a deadline and adios. 

Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if your parent leaves his/her job and the loan is current at the time your parent leaves his/her job but then the loan goes into default because your parent left his/her job, your parent will have until his/her tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).

If you can learn how to manage projects, keep workers on schedule and hit deadlines you make yourself invaluable.This benefits yourself, realtors, investors, property managers, flippers... everyone whose hands touch real estate.