Tear out the nasty carpet and get my hardwood floor guy on the schedule.

Then you can have the profits of the building on your schedule E and then if you want to pay your management company, that shows up on your schedule C, it will also allow you to consult/contract out your work and still flow though your schedule C.

And, fun fact, if you throw your furnished rental income on Schedule C for a few years (while saving up a down payment using net profits from that business), it's mortgage qualifying income (granted it was a huge pain in the butt the first time I used it, and I know for a fact that not all lenders will go for it) in the event that you're so successful that you quit your day-job (2 of the 3 names I dropped above are people that do not have a traditional day-job).

There are a couple of condo's from my neighbourhood that are on auction schedule on Sheriff Sale list.

My flip is under contract to sell and I am scheduling 2 appraisals.

I have a very crazy work schedule however it would be nice to attend, network and learn from others there about the business.Hello to @Tom Ott and James Wise from Cleveland!

Treating this like a business is a heavy aspect of this and as such I'm trying to establish payment schedules and the works so that it's all up front and as official as possible. 

Additionally, Capitalone dropped me to 4%, and I think Amex might have lowered me to around 4-6% too. The

Will I need to file a Schedule K with my tax return for 2016?

I will take a look at the schedule and stop by.