Leverage the CPA path: Your auditing and financial background will give you an edge when scaling.

This is probably a question for your personal CPA or if you don't have one, paying a consultation fee to a Real Estate centered CPA would be a good investment. 

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

Selling multiple properties in a 1031 exchange to consolidate funds for one investment property is allowed, but the property must initially be used solely for investment.This post does not create a CPA-Client relationship.

Working with a qualified intermediary (QI) ensures compliance with IRS rules.This post does not create a CPA-Client relationship.

I would check with your CPA to make sure you want to offer up those services.

Section 179 deductions may apply to assets directly supporting your business, excluding personal-use components.This post does not create a CPA-Client relationship.

For added liability protection, consider setting up an LLC for the rental, though this may have limited impact if the mortgage is in your name.This post does not create a CPA-Client relationship.

LLC offers no tax savings.This post does not create a CPA-Client relationship.

Those that use it seem to like it and - as a CPA - I like the reports it produces.