To-Do List- [x] Game plan and strategizing- [x] Walk showroom of our wholesale supplier to see what all is offered- [ ] Look at other building supply places- [ ] Come up with name- [ ] Apply for EIN- [ ] LLC- [ ] Talk to CPA- [ ] Get bank account- [ ] Research properties- [ ] Find capital partners to get started- [x] Research real estate classes- [x] Come up with a list of things Isayah knows how to doIsayah’s Skills-Tree trimming-Countertop fabrication and installation-Cabinet installation-Construction (framing, joists, subfloors, etc.)

Especially if you paid this HOA not the suppliers. 2) if it’s a small amount, a couple thousand or less they’ve expensed it with the idea that the tax difference is too small to worry about.

On Nolo's website they actually list what applies in terms of any travel for any rental activitiesSo for example, you can deduct the cost of driving to:your rental propertywhere you have your principal place of business for your rental activity, ­including a home officeplaces where you meet with tenants, suppliers, vendors, repair people, ­attorneys, accountants, real estate brokers, real estate managers, and other people who help in your rental activitythe bank where you do banking for your real estate activitythe garbage dump where you haul refuse from your rental propertya local college where you take landlord-related classes (educational ­expenses are deductible only if your rental activities qualify as a business)a store where you buy supplies or materials for your real estate activity.I would recommend keeping a mileage log and receipts for gas.Hope this info helps.- Dave

- I keep a spreadsheet of materials on-hand, and when I need to order stuff, I fax it to the supplier (oftentimes Home Depot or a local builder supply store).

Everytime we "interview" a prospective supplier/partner all they want to do is broker someone elses garbage notes to us.I realize that 90% of notes are not worth the paper they are written on, so its imperative that as we grow we find legit sources that can deal in volume.Those that have experience in this arena, please let me know your thoughts.

Or we check home depot, lowes, menards, and a couple other building materisl suppliers, they can usually tell us where to get matching type.

Hello all.so just to help quickly understand, if the client or supplier i ship a 1099Misc to and he never gave the S/S#. will he still pay taxes once he receives the 1099  ?

If you are using a contractor, the contractor will most likely have a preferred paint and a contractor discount set up with their supplier.

Call a local glass shop and they can probably order the parts through one of their suppliers.

Most serious builders/contractors will have a professional supplier somewhere, even in rural areas, and that supplier is usually not Lowes or HD.