Of all the problems one can find with residential or even commercial real estate the subject of foundations is frequently up there with the subject of nightmares, as in one being synonimous with other. 

There's nothing wrong with targeting your audience.

Filing the eviction immediately could harm the occupants' chances of getting a rental unit; they have been through foreclosure already so credit rating will be terrible, and eviction is frequently an automatic rejection for landlords.

I'm also assuming (if you're like me) that making periodic trips to check-in on your rental is fine, but frequently trips to check-in on a rehab project makes far less sense.

The payment plan is not part of the decision as I see it.The 1099 is necessary where you have an ongoing relationship and the service provider is frequently performing work for you - - EXCLUSIVELY -- like a handyman. 

If not, then you  may end-up removing sections of subfloor.We've had a post dog renovation (after 9-years) that required a full gut to the studs and slab and a complete rebuild of the apartment to get rid of the stench.In the future, either do not allow pets or check-in on your tenants more frequently.

The Tallahasee Board of Realtors has seminars like this frequently and we receive alerts regarding them.

The title company that I work with told me that this happens frequently.

@Michael MozieFlipping houses is considered a business and if done on a frequent basis would not be 100% sheltered under the umbrella of a self-directed retirement plan.Such plans are fully tax sheltered when receiving passive income, which includes interest, dividends, royalties, and rent from real property.When a tax-exempt entity is engaging in a trade or business on a regular or repeated basis, then a tax known as UBIT (Unrelated Business Income Tax) applies to the gains.  

Just like 9 out of 10 folks who frequent BP come and go and never really do anything past buying a rental or two.. but its the dream man its the dreamFor every one of @Steve Vaughan  there are 95 that will Never get were he is.. you have to follow his career path and admire it .. ground up worked hard  and now is living the life that most newbies are dreaming of.. but I don't know maybe he learned it all from Carlton Sheets..