In this case, I guess AirBnB or VRBO and they will wire the money to the owner directly.If anything happens to the property, who will come to the site and deal with the issue.If something breaks, who will be responsible for the damage.For taxation, it sounds like your investors file Schedule E for their tax returns.

@Christian E Ball - When you are in a tight market, you need to get creative with your marketing to potential sellers. 

Take a look at Schedule E of the tax return. 

But I do love driving my Jaguar E-Pace...fun to drive but I wouldn't buy it.

Grab an e-book, audiobook, or paperback for 40% off, plus FREE shipping within the United States. 

So you I and E of Income Cap should break out like this ..Note I left our Electric, heat, and fuel.

Some of them do not have full accounting functionality so be careful with picking the right software.If you are sole LLC, you can file Schedule E for your tax return which will make it easier to do your tax. 

Purchase price: $220,500 Cash invested: $30,833 Off-Market deal that I found by e-mailing people with open apartments on Craigslist. negotiated cash back at closing to reduce my downpayment. 5 family near the town center.

@Robert E lunt Congratulations on your deal.

@Robert E lunt Congrats.