It was paid into "your account" with the PM company.This is how it SHOULD be reported; however, not all small PM companies realize this and will not provide you with a detailed statement.

If it helps to know the details, they are as follows ... property is a luxury Hawaiian estate.

Here are another few pieces of advice that can help - especially if you have a full time job:* Cell - Buy a pre-paid cell phone and record all the details regarding the property (how much, how big, verification needed, security, etc.) on the VM.

It's a speciality trade and is not very interchangeable with drywall repair tradesmen.Best of luck and be sure to post any details and quotes you receive on this post.

Hello Jon, The detailed answer is quite appreciated, I realize it must have taken some time to answer in such manner, so thank you :) Some follow up questions:1.

A good lender/broker should be able to talk about these concepts in detail.

In structuring our entities, (we function in Florida, Georgia and soon in Texas), we have been informed that, "...your company is a dealer in real estate sales and purchases, not an investor (1031 exchange tax deferral is not allowed for dealers)".A more detailed discussion will take place with our CPA, but I would like to hear from some others on BP who "deal" in rehabs within an LLC, s-corp or c-corp.How are your 1031 exchanges handled?

I know we all here plan to live off of our real estate; however, you still need some savings.That said, typically you will have to withdraw it claiming hardship in order to pull the funds out.Consider the loan option in further detail first.

I was just doing some thinking and I would like to know the details of your fastest deal.

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