Let’s break down these processes step by step for clarity.Part 1: Forms 1098 from Private Lenders to InvestorsForms 1098 from Conventional Mortgage Lenders: Traditional mortgage lenders provide Form 1098, detailing the interest paid on mortgages.

I put in approximately $16,000 and she only provided $4,000.

I suggest they contact the utility provider.

Unless you were upfront that the washer was left by a previous tenant and you normally only provide hookups I think if it is broke you should  fix it. 

Anyone have any recommended providers in Texas that you've worked with that are good quality?

@Eric LunsfordAs mentioned it’s taxed at ordinary income - but there are debt funds that do private lending that can provide investors a 1099-DIV vs 1099-INT which is a considerable savings net taxes - it’s about 2pt delta - meaning 10% from debt fund is better than 12% taxed as interest (and a lot less work)

Our screening is all completed online, and our reports are electronic. 

The STR provides a much better return than the average return of our LTR's, but it requires considerably more effort and oversight.

Do not pay him he is a fraud type of guy. he won't teach you the right way of doing it. he will just sell you something you can find online.

I don't have any property in Memphis myself though - I would strongly suggest reaching out to investors who do own property in Memphis to get their opinion on it (many folks here on BP are very helpful and willing to provide insight).