TIA.I recently saw a tic tok from a lawyer saying if someone owes you money but doesn’t pay you should issue them a 1099-C.

There are a number of issues that I hope to get some feedback on.

For yours, the biggest issue seems to be in how much you need to put in relative to that ownership.  

They can cause drainage and run off issues.

If for example that deed is a Special Warranty deed that may make them liable to you for issues like this.

I also heard a “belly” in the line has to be torn out completely to fix the issue.  

While most of the properties I’m currently looking at tend to be superficial, this business does run the risk of encountering issues that are unforeseen. 

I'm not saying what my opinion of this was, but I never saw a single owner divulge the real amount....they would usually make it about 10-20% of the actual costs.I'm not even sure if you are legally required to tell them what you spent...seems like an invasion of privacy issue....?

There is extreme liability on many issues.

Regular communication with contractors, monitoring progress, and addressing issues promptly are key elements of successful project management.Tenant Screening:Once the property is renovated, focus on securing reliable tenants.