Basically 1099s are used to report when you aren't paying payroll tax, but are "employing" someone.Hope that helps.

Inspection report indicates major deferred maintenance issues.

HUD has a number you can call to report those people.

5 seconds into that report Claude just emtnioned;"The Ontario government will spend $31.5 billion over the next 10 years to improve transit, transportation and other priority infrastructure projects.

the guarranteed income is nice, but a poor credit score due to late payments tells the bank that it doesn't matter how much money she makes, she isn't going to give it to you ( the bank) anyway. if her credit score is bad because of misinformation on her credit report, thats a different story. i can educate her on how to clear that up. we need more of the story here. 

The appraisal report comes with 2430 sqft Gross living area. 397 sqft finished basement and 140 sqft non-living finished area (due to the wall of one bedroom is not high enough). 

When I look at the limited title report provided by the seller (the Pro Title dollar search I believe) I see both the first and the second listed. 

What would appear on the credit report in this case? 

Yes, I believe he would report his profit as a short term gain and report the share that he gives to me as a cost of the sale (like commissions, accrued interest, taxes, etc).  

Hi Nathalie, You only need to be afraid of the IRS and the Credit Reporting Agencies but, you're here on Bigger Pockets (Welcome) so, that's means you're a brave women.