My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.

I hate to say this, but if you want to get a job with Yardi as the main software, you will need to start at the entry-level accounting.

Get Familiar with Financing: Educate yourself about different financing options available for commercial properties, including conventional loans, hard money lenders, or seller financing.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

Everybody is doing something different, and it does not mean it works for another person.

**They adjust on the fly & don’t rely on scripts- Every seller’s situation is different.

@James Thompson Transferring property from your in-laws to you can be done through a gift, sale, or trust transfer, each with different tax implications.

My husband and I are investors and own 11 properties throughout NH and Southern Maine, 4 of them in Manchester. 

I think it comes down to two main questions:1.

Each corporation runs differently so some are easy to deal with and some not so much.