Timely because January 31st is the deadline.Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors2024 update: While not directly related to sending 1099-NEC forms to your contractors, you may have seen the panic on social media about every $600 electronic payment reported to the IRS under a new law.

They are designed particularly with mother-in-law or next generational living in mind.

There are a lot of good things about Wyoming LLCs, but the favorable Wyoming laws don't matter as much because the state you are in will apply the laws of the state the property is located in. 

To avoid that, set a firm, realistic budget from the beginning and make sure you stick to it.

Short answer: not legally, but they can get away with it.Long answer starts with a fundamental concept of our tax laws.

Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.

I've become a firm believer that it's not just an ability to pay but how you pay.

In New Hampshire, title laws are strict, so we couldn’t move forward without obtaining a signature from a living heir.The title company dug deep and eventually located a distant relative—a niece of the deceased owner, two generations removed.

And if we're dealing with properties that are in a better condition so that there is not much fixing that needs to be done.. then the last thing missing is finding a great property management firm.

You also need to account for the eviction process, state laws etc...