She mentioned they would like to have their own website where they have full control and can list all their properties available and potentially have them booked through this site to avoid fees associated with other platforms such as airbnb.

Do they like living there? 

You might have done this already but maybe calling some agents there or finding property management companies in that area? 

I'm working on building my down payment including repairs fund and have a good credit score above 750.I’m interested in buying a property near Kansas City, in markets like Topeka or Springfield, IL, but I’m open to other cities in the Midwest.

When it comes to reporting this income, beyond the importance of being truthful on taxes, a few key questions arise:Are there any advantages to reporting higher rental income on your 1040?

I have been actively looking primarily in the Virgin Islands and Bahamas for properties that are ideally within the budget I would like.

I calculated this one as a potential fix and flip and making it a 2-3 room home at a little over 900 sq ft..

Same for a collapsed sewer pipe - they won't pay for the repair to the pipe, but they do need to pay for the damages caused to access that pipe like removing flooring, drywall, concrete, etc.

During this, we've made some friends with folks who, rather than allow us to rent their unit, would prefer that we manage their property for a fee.

An example of this would be mixing your personal money and LLC money in the same bank account.3.