Since I am not a licensed CPA I suggest you get the tax issues advice from your CPA instead.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

I suspect I have paid close to a million in wholesaler fees I just don't deal with them personally at the street level. but I do see their fee's on the huds I fund.. but its Highly regional.. out east were you live much more prevalent than were I live.. in fact where I live its illegal and the state is starting to send out cease and desist and fining those selling real estate without a license..

Without written lease agreements, tenants are considered month-to-month and should be easier to get rid of or you can put them under a written contract with proper advanced notice.2.

I just noticed that the rental license registration form requests a property manager be designated if the primary owner doesn't live or work within a 20 mile radius.

One of the biggest mistakes I have seen less experienced investors do when choosing their first one or two flips is thinking they can save a lot of money by doing a lot of the repair or upgrading working on their own compared with paying a licensed contractor to do the work and mainly because a person doing the work themselves are not as experienced at doing good quality work and frequently will take a lot, a lot, a lot longer to get the work done and if you are financing your deal they you will end up paying a lot more in finance interest and still maybe end up with marginal instead of good quality work and you are only delaying the date for flipping , reselling, or being able to get a property rented.

An option to buy or MLO executed properly would hold it and lock you in. 

I am planning bring local handyman with next time to examine property with me to get proper estimates.

Check with your local laws but simply give them proper, legal, notice that as of "xx" date, their new rental rate will be $xxx.

Better get a property that you can get inspected and have time to do proper title search.