Issue a 1099-INT for interest paid over $10 annually, and ensure family members report the income.

Here is the latest report from Rentcafe.

They will generate a report to you based on their findings.Type 2 - conducted by an engineering firm where they will have you complete a questionnaire.The questionnaire will ask you details regarding the house and therefore, I would recommend having a home inspection or appraisal at the time of completion.The above two studies have pros / cons and differences in cost and turnaround time.Best of luck.

If the property is in service then it’s reported on your 2024 tax return.

We had a third party report done for our prior offerings (similar to how a mutual fund has a third party verification report to verify the returns). 

@Kris Moulton Hey Kris, can you report on how it’s going now?

You need to make sure that your property is easily financeable if you decide to sell it in the future and any future buyer can call out non-permitted items and actually report you to the building department or, at a minimum, ask for seller concessions.

A borrower must choose his or her own contractors to perform the needed renovation.Ø All Contractors participating in the HomeStyle Renovation Program must complete a Contractor Profile Report.

The rates are higher and points +++ plus prepay for a commercial loan or hard money loan.Loans closed in America are reported and stats are available as to who closed, how many, loan officer, dollar amount, loan type, location and more detail.

Beneficial Ownership Information Reporting (BOIR)Have you heard about this?