Greetings all- I'm renting properties in an area where there is an increasing number of highly educated immigrants seeking rentals near our major universities.

It will make your total loan increase by $10,000, but you won't have to come up with it out of pocket.

Here is some IRS information regarding the penalties for not filing the 1099s. https://www.irs.gov/government-entities/federal-state-local-governments/increase-in-information-return-penalties-2

I did this on one of my properties last year and was able to significantly increase my cash flow on that property as well as buy another good cash flowing property.  

@Steven GillmerThe IRS/States normally require that you pay gradually throughout the year instead of all at once on April 15th.When we earn wages through our employer - the employer w/h's federal and state income taxes from us and transmits it to the IRS/State.This is the same with most state forms.

This property will need about $75K in rehab and the market rents would increase between 5% and 8% once the rehab is done.I am trying to figure out what expense ratio to apply to this opportunity.

I do like CA as an overall market as the population is increasing, housing is scarce, and property taxes are fairly low (1%). 

Again, not mandatory but seems to be more common as the concern increases about the health issues related to cesspools.Mark

It "should" appreciate over time- both in terms of the market value and due to rental increases.

lie to my agent and me stating there is another offer on the table can we increase offer price to stay under consideration?