I am working with a contractor on my first flip property.  Should I issue my contractor a 1099 for each draw he receives or should I issue a single 1099 at the end of the project? thanks for responding. 

My partner and I have have been discussing multiple strategies to break into the industry.

Just multiple ways to be making an analysis. 

Less expensive and less risk having multiple tenants contributing to your sustainability.

Multiple (5+) offers on a lot of houses in less than 24 hours well above list price.

If you are more interested in growth, and not interested in cash flow, equity multiple could be the focus, if you couple that with hold period timing.There's no absolute answer that covers everyone, but what IRR does is it takes into account the amount of cash flows, the direction of cash flows, and the timing of cash flows to quantify results that you can then compare to other similar options. 

I have multiple section 8 tenants at any given time and prefer it that way.

Real estate agents and appraisers have access to their local MLS (Multiple Listing Service) and can pull all the recent sales data for a particular area. 

I will be staying in Westminster for the majority of my stay, but have multiple lunches/dinners lined up in LA county, Irvine, and Huntington Beach.

I love the strategy of small multifamily properties. 1 roof, 1 foundation, multiple tenants :)In the Charlotte market, this strategy is VERY challenging, just because the inventory is much more limited than single family/townhouse/condos.