In other words, landlords now have to comply with the same rules as any other business person as they apply to 1099 forms.

Vikram hit some of the answers.Politically correct Key person life insurance protects a business who has a key person ... a real rainmaker within the company.

So, you're going to give that person a cut of the profit.

For this reason alone I would never buy or even loan on any property sight unseen.Once satisfied I like the area, and after I met and was convinced I could trust this person’s opinion, I could see using him for backup info on whether a specific deal made sense and was worth traveling to see.

If this is possible the short term cap gains tax is avoided for x person as they would sell for original price.

Remember that every person you deal with is just another person, a human.

Josh,I reported a person a while back and have never heard anything.

I can update the file on each person as needed and send out letters to my list on my schedule.

And any educated and experienced person in this business should be able to make the same judgment, so I really can't buy the excuse that charging someone like that is doing that person a service.

It is not feasible to visit in person as his hospital is almost 3 hours from us (even though about two hours from our property...a different hospital than what I was first told) and I work full-time, so cannot get there.