If your manager is just 'keeping an eye' on things, collecting/reminding on a few rents here and there and some light cleanup while being compensated in free or reduced space rent then classifying them as 1099 subcontractor is great. 

My Property Manager isn't sure how to handle this, either, so I thought I would ask the community. 

This way we reduce our monthly legal expenses and have cash reserves to weather the next few quarters during the virus.

9) How are showing requests handled?

Do not know much about them, but the Fund of Funds model will be an interesting case study during the next 3-5 years especially as deals go bad and investors look to these sponsors and the level of due diligence they did will be very interesting to see how they handle the lawsuits, as its not an if but a when, regarding a lawsuit.

For the LTR outside CA, forming an LLC in the state where the property is located can reduce administrative costs and avoid double franchise taxes in California.

Stick to areas you know well; this familiarity can greatly reduce risk and boost your confidence when making purchasing decisions. 2.

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.

Is this something you use outsourced resources, or are there others on staff that do handle this aspect of things? 

I know of other softwares, like Baselane that handle income and expenses all in one place.