If the PM is paying contractors and remitting net rent, then the filing obligation falls squarely on the PM.Most rental owners will only be 1099ing their PM if the PM is not a corporate tax entity, as the standard setup -- take PM fee from gross rents and remit net rent -- means that you're effectively paying the PM in cash. 

My ideal first flip would be something under 1200 square feet and light to medium rehab. 

I know there is a range, but for a four-plex for example of 4000-5000 square foot, what can I expect in hard + soft costs?

The housing market in the Denver area is red hot and has been that way for the last 5+ years.

When you get in your car and drive off your driveway - you have to follow the traffic rules such as: when you come to a stop sign - you have to stop, when you come to the red light - you have to stop and wait for the green light in order to turn left, you have to drive on the right side of the road - you can't drive on the left side.

Property is 1800 square feet and the appraisal cost $500.

Marco:- Heath Sector is one of the major employers → increased aging population/more job growth - Bioteh, fuel cell research & tech sectors all growing → forbes speculates could be next tech hub- Opportunity Corridor (projected to complete in summer 2022) → revitalize the "forgotten triangle"- Large businesses coming in & staying → Plug & Play (start up accelerator funding company), Link 59 (62,000 square foot complex), Sherwin Williams, NASAMicro- Great PTR ratio → Great cashflow- Strong renter's markets → over 50% renter occupied- Barrier to entry is low → scalable- BRRRRableNeighborhoods (highest appreciation rates)Detroit Ave / W 25th StW 25th St / Walton AveW 6th St / Literary RdRoute 422 / Broadway AveW 7th St / Marquardt AveCastle Ave / Scranton RdDetroit Ave / U.S.

Hello, I’m a newbie, just getting started in real estate and I’m looking for a good local CPA who specializes in real estate. Does anyone have any recommendations?I’m currently doing freelance work and just finished a...

The units are mostly clean and neat and I don’t see any red flags yet.

The calculation is based on square footage, not units.