I posted this in a different thread, but I'll add it here as well:If your business made payments to an independent contractor of $600 or more during the course of the year, you are required to issue a form 1099.

Being in project mgmt. you have probably have great time mgmt. skills which will help out a lot.Hope this helps and thanks for reaching out-You have a colleague request on its way, It would be great to have you as a local resource.Please feel free to reach out with any additional Q’s.

Your other option is "full risk reduction" which means you must remove any Peeling, chipping or cracking paint from anywhere on the property.

Andrew You have to factor things like:- vacancy- property management- repairs and maintenance- replacement reservesin addition to the usual PITIA (Principal, interest, taxes, insurance and assessment).

• Addition costs (additional bedroom, bathroom, etc.) per square foot?

Additional info: $5000 profit for me and selling to a flipper with a $20k minimum profit.

In addition, I am currently studying for my CPA and I am considering what area I plan to be a specialist in.

If you are wanting to add more properties, it probably makes sense to pay the regular payment and save additional cash for other opportunities.  

An all cash, no loan transaction).For this reason, I calculate both cash on cash vs. total yearly return on my out of pocket money (which includes the down payment).Also note that usually you pay the first month of the mortgage in addition to the down payment, plus the whole of the insurance and (some) taxes at closing.

Not working more hours than that (750) for any other income.Then I realized that when managing multiple properties there are additional rules and to get around it one can permanently elect to treat them as one but then it could fire back when selling one of the properties... and then I am lost.Can you recommend prescriptive guidance on it?