The downside will have more to do with your business personality.

Anyone in business takes risks, but a lawsuit and some other things don't look great.

So it sounds correct to collect all amounts into my business account then and send a 1099 to the owner reflecting what they received minus the PM fee?

So, get busy on your listings. 

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Treasury, HUD, and market participants/investors will have to carefully navigate many thorny issues, including: - Increased Market Competition: Fannie and Freddie will compete more aggressively for mortgage business, which will lead to innovation but also potentially higher risk-taking.

Our business model is built around working with investors to find them great returns and I would enjoy a conversation around what you are trying to do.

If you're busy running a ranch and raising a family, you don't want calls at 11 pm to unclog a toilet.

Sell your investment property and buy the land for your business. 

I know you all are all very busy and I appreciate your time, and we look forward to hearing from you!