@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

We are in Tampa so a similar market.We provide a starter set which is clearly communicated to guests (thought some people do not like it and clearly do not read which you cannot help) generally consisting of:- 2 Laundry Pods- 2 Dishwasher pods- 2 Rolls of Toilet Paper per bathroom- 2 Paper Towel Rolls- 2 Trashbags- All soaps are refillable including dish soap, hand soap, and body washes/shampoos.They are expected to get their own should they run out of anything. 

My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.

As GPs, we owe it to our partners and stakeholders to keep communication clear, honest, and consistent.

Find the one who writes scary inspection reports and catches every minor detail about a property.

My experience with PPR has been consistent with yours, as well as the search to find them.  

Did ask about specifics they are interested in and after 8 hrs of no response I reported it as spam.

Your property manager should be supplying monthly reports and year end PnL reports that you give directly to your CPA. 

They had listed it for $40k more in 8/24 and dropped consistently until 12/24, when I made my offer.

Quote from @Chris Brewer: View report*This link comes directly from our calculators, based on information input by the member who posted.Hey @Chris Brewer, welcome to the BP Forum!