An example would be when you receive compensation that you later split 50/50 with your partner.In this case, you need to file your own form 1099 showing payment from you as the payer to the actual recipient.

Apparantly that didn't work out for them either as they sold all their properties a couple of months later.

Your roofs might look good, but they might leak later.

We closed about 3 weeks later.

Can you then decide to list and sell the house two months later...yes.

So, if you bought  a house for $300k and wanted to sell it 2 years later you would need to sell it for something like $600k to break even and cover that HUGE mortgage interest penalty.

It seems to me that any addendum signed later after the initial lease may create a messy situation. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

We are really open to it all and open to whichever avenue makes the most sense for us and is most lucrative, but we’re thinking that’s flipping first (since we’ll want to do a live and flip), then later buying rental properties in more affordable states with our profits.

You might not uncover that with a newer home until much, much later.