While the accountants can't agree with themselves, generally if you are investing under your name you don't need to send out 1099's. 

I also agree with @Tim Wilkinson, once you convert it to condo's, it would not be feasible to go back, as such you will not be able to market it as a two family house, just two separate condo's.

@Tom GimerYes in the Purchase agreement, I have "Seller agrees and acknowledges that this Contract is fullyassignable by Buyer." and "This offer is contingent upon the approval of a partner up until closing date." 

Agreed with the posts above.

Check out Merchants Bank of Indiana - offer the 1st lien HELOC on primary, second homes and investment property across the country.

I am an out of country investor and opened an LLC to purchase my first property (Cleveland OH area). 

CPA's can practice across the country.

We do have issues though too, insurance rates are the highest in the country, hurricanes, alligators it dips down into the 30's for a few days every year..JK, but really not many downsides as a whole.

TX has some towns that are struggling quite a bit but Texas is one of the biggest economies in the world if it were compared to most countries.

Hi @Adrianna Johnson in this part of the country attorneys do real estate closings, not title companies, so you may have meant to ask for recommendations of great attorneys who are familiar with wholesaling, and I can recommend a few 😊