I did realize pretty quickly that maxing out my credit cards was probably not the best way to manage my real estate investing, so I canceled the mentoring within a day and got a full refund.  

Aloha everyone,I've been searching for MF properties in Las Vegas for a little while now and have noticed how quickly places are going under contract.

Josh,I wouldn’t say it is terribly difficult to find a good MFH in the DFW area depending on your contacts and your diligence to work hard and move quickly.

In Silicon Valley most estates are also sold quickly.

Sorry, but its best that you know the truth so you can quickly dump that MH for what ever you can get for it.Best of luck!

If they are professional, they can explain this quickly and easily.

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.

Indeed, yeah I'm quickly finding that out especially just seeing how quickly the good deals go under contract. 

Anyway, we realized pretty quick that four people in a two bedroom apartment was going to lead to someones horrific death. 

When the time comes, dispose of the stuff, either through a local trash pickup or a dump run with your utility trailer.The main thing is to assert your possession of the house as quickly as possible and come through for the next of kin.