Dominic -I run a design build business; I've been where you are... having books that are weeks to months out of date is horrible and can spell disaster as you make decisions based on bad and untimely data.What we've done, after years of trial and error and tons of money lost on bad solutions, is the following -* Off set accountant who does monthly reconciliations and statements, year-end taxes (We run on basis of completion, which I recommend you switch to immediately)* Off site book keeper who does day to day data entry* Quickbooks on a server on the internet so everyone can log in remotely* Paychex handling weekly payrollDon't pay an accountant to do your data entry, it's usually way too expensive and not necessary... don't pay your data entry person to do your monthly reconciliations and statements (They don't know enough, typically).

With your "trade or business" designation comes your obligation to send out 1099s to contractors.

All feedback is welcome, looking for some confirmation before I move ahead with this deal.Thank you. 

All have documentation to confirm their opinion.I was thinking people here might have more experience with selling rental real estate and owning multiple properties so maybe someone will know the tax law regarding this.I have spent 16 hours on the phone with Turbo Tax "experts" and they know far less about this that I do.

Unfortunately I'm a beginner so I don't have any returns to enjoy yet haha  1 - Learn how to analyze markets, not just properties, from a financial point of view.2 - Learn how money works, meaning learn how to use strategies other than the typical flip and/or buy and hold strategies.3 - Learn how to design, plan, and execute a REI Plan.4 - Learn how top put all three disciplines together as one...since the correct use of the three is as one. 

To my knowledge, there is no designation for private lending.

I’ve made all my blueprints and details and they’ve been approved by inspector just need to submit for permit but I’m waiting until financial plans are confirmed, and that’s my question.

My local meetups bring together real estate agents, flippers, wholesalers, designers, stagers, financing people, landlords, property management companies, contractors from every possible specialty, etc.

Make sure you have a fluid design that allows you to manage the leads from the point they come into your CRM whether it be you or eventually a team member.

This is not sub2.The point of this thread is that doing a wrap loan now requires lender consent, so you better understand the lender's position on wraps before you design an investment strategy around it.