That doesn't mean you need to be available 24/7, but going for never right off the bat just isn't enough.On giving tenants different lease terms: You need to understand fair housing law and make sure you stay in compliance.

The trust is anchored as both, and classified domestically by maintaining IRS compliance with USC section 7701.

Compliance is nearly impossible, failure to comply is punitive, the seller gets fewer protections, and the buyer can record ON THEIR OWN the day after signing (attempts to restrict this in the docs are void on the face).Besides, if/when the buyer takes the seller to court, no guru will be standing beside you. 

It will show a loss that you cannot take, but you will be in compliance and avoid having to respond to an IRS letter asking you why you did not report your sale.

.………………………………………………………..Most start as an LLC, then elect to be taxed as an S-Corp.If you go this route on your own with internet research you are assured to get something wrong so pay for tax advice. 

Because of this, it's not possible for anyone on this thread to determine whether or not you need to file a 1099-MISC.If you intend to DIY this potential compliance obligation, it might be advisable to download and read the 2019 IRS instructions for Form 1099-MISC. 

First time you go to court you will wish you had a bullet proof lease I can assure those free ones some guy drafted in his underwear won’t be as good 

The course work is primarily about compliance with real estate law, and it is all state specific.

Three ways:insurance notification (you know all these pesky proof of insurance that your lender ask each year and also where they are interested party and immediately notified by the insurance of a change of insured party).tax escrow notification, not in the name of the initial borrower.compliance check (random compliance check looking at the title recordings)

Section 8 sounds like a golden goose but I can assure you it is not.