I'm totally sold on it.   

So if we go w/ the $700K purchase price of the new rental (paid in cash from the proceeds), that leaves them w/ $300K to pay capital gain on, @15%, totaling $45K. 

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.

Built in 1905, this property features a total of 2,832 square feet of living space, divided into two units.

YES, a person CAN sell without total site cleanup from a house fire.

Faster than home prices, property taxes, rents etc….In fact, as a percentage of total monthly mortgage payments, insurance premiums now account for 9.4%, the highest share on record.

A1: Yes. 1099s are for the annual total, not per job.Q2: Do I need to send 1099s for materials?

Is your total monthly rent around $12k?

Bathroom Renovations (4 Total)Scope of Work:Master Bathroom:Install new double vanity with quartz countertopsReplace shower with frameless glass enclosure and custom tileAdd a freestanding soaking tubUpgrade fixtures to high-end finishesGuest Bathrooms (3):Replace vanities, mirrors, and lightingRetile showers and floorsInstall modern plumbing fixturesEstimated Cost: $40,0003.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.