Because they keep buying my properties, I usually call them first, because they have bigger pockets than my other buyers, or at least they are proving it to me. :D

Frankly, I'd also get pictures/videos of whatever's inside the medicine cabinet given the cost of prescription meds these days.The second to last thing you need is a lawsuit from the deadbeat stating that you took revenge on their stuff.

I have a single owner LLC ofr my rental properties but I file a schedule E for each property (and my accountant has me setup a property called "generaL' for expenses not related to one single property, such as inspections, office, etc.)The only other thing I've been advised is that, per suggested above, you have two separate companies if you buy hold vs. flip because the flipping might be considered ordinary income if you have to be considered a "dealer" and by using SCORP for this activity you can limit how much income is taxed for SS/MED by virtue of paying yourself only a portion of net income as wages.

So tenants are paying heat instead of me :D

That isnt to say there isnt a bank out there that will do it, but the big/med. ones dont.

Mike Burry dropped out of Med School and started his hedge fund.

I could, but will not, be graphic.When I was in pre-med (!)

It's ordinary income, subject to self employment taxes, both sides of SS/Med.  

Finishes to match the neighborhood, so I would say med/high.  

A is original seller who wants 12kB is my buddy I have an options contract with for 16.5kC is me D is this realtor guy with the buyer at 22k net to Seller(s)E is the end cash buyer who has agreed to compensate the realtor and pay 22kI have the A>B contract The B>C options contractAnd a The C>E contract sent to me by the seller.