Set on 3.3 acres, this home has everything your buyers are looking for: a brand-new septic system, a state-of-the-art wall-hung boiler with radiant heat, and a stunning new kitchen complete with updated appliances and an island for gathering.

But then moving to actually renting while our children finish school and investing out of state instead. 

Their lawyer talked a few time with my lawyer from my home state but he just used delay tactics and bunch of bs. 

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.

Why have an appreciating asset out of state go right into the landlord's pocket here?

Most states require them to produce a report with that data to give to the client.So why is having an algorithm look at the rental data illegal, but an individual person look at the data not?

Its pretty awesome (BTW, I am not affiliated with FUB, just a passionate users)You can capture all the homeowner demographics along with associated relationships and information - pictures, files, emails, notes, calls, text, etc.You can have a team number(s) at no addition costs (we use it to lead generate for different states and can be configured to round-robin. 

I found my out of state Realtors on Bigger Pockets.  

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.

Owner stated that tenant doesn't have intentions of moving out however, I wouldn't have intentions of keeping her considering the amount of repairs needed, the way she keeps the property and the fact that she's always late with the rent.