Timely because January 31st is the deadline.Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors2024 update: While not directly related to sending 1099-NEC forms to your contractors, you may have seen the panic on social media about every $600 electronic payment reported to the IRS under a new law.

You can oversee this aspect from the background but don't try to directly engage a GC from out of State without having someone tied to your success there to watch what's going on.

You are going in the right direction. 

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

The journey continues and now we know where to direct all of our focus!

I'd be heavily focused on mitigating that future tax liabilty rather than directly supplementing that income.

I am actually open to hear about other areas in the states, but the general direction is Jacksonville at the moment.I totally agree about the partnership part.That is why I am working with one :) Are you thinking of buying in Jacksonville as well?

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Not sure what direction is best for you but I can share how I started. 

Direct buy?