*This post does not create an attorney-client nor a CPA-client relationship. 

Full 203k is pretty much wide open, as is the homestyle, BUT they both require a licensed "consultant" that creates a feasability report, handles inspections and draws, etc.   

If you want to create a unit to Airbnb build an extra master suite with separate access but do not put in a kitchen or go the ADU permitting route with it. 

I'm looking for a software where I can track data inputs like who was late, how often they were late, repair costs by building and overall YOY/MOM, etc...It would be amazing if I could create my own dashboards.

.#1 A Customer Relationship Management system (CRM) It it's very helpful to your brand to have a good website .

It creates holes with the heat.

My plan is to create an LLC as the business entity and use flipping to provide a financial engine to getting into long term holds. 

I started taking an active interest in learning to evaluate ROI and cash flow, and creating my own exotic spreadsheets and algorithms laying out my own personal strategies. 

Elise, I am from NJ and my properties are in PA, my PM has never charged that. 1099-MISC is for sub contractor when you pay them, as a PM you are not paying owners because we own the property, we pay you and if anything we should be sending that to the PM, but you should be professional enough to report your income, that income for you is subject to SE tax which you would have to pay. if you are going to charge your customers to cover that cost on top of your normal rate you charge, you may not get any business.

The hidden cost of having to survey each unit and create condo docs with separate deeds can be extremely expensive and should be considered before moving forward with this.