For tracking purpose, you can set up the property address as parent customer, then the actual tenant as sub-customer (i believe in desktop, it's called job). 

But I guess I am wrong again.

I'm assuming I am supposed to 1099 an owner for the gross amount I receive on their behalf not the actually net amount I pay them, correct?

She actually showed up for the hearing (which surprised the heck out of me) and agreed that she has not paid rent in a long time.

I guess the DLCP would be my best bet for more information.

I know I need to set up a trust and an LLC as my business shelter, but right now it doesn't make sense to spend that kind of cash before I have actually anything to protect.I'm committed to the long run investing, so I know I will need to do it.

Step 1 - determine the actual taxable profit, adjusted for closing costs, holding costs and funding costs, plus business overhead such as driving, technology and whatnot.Step 2 - determine Johnny's tax rate which depends on his overall income and its composition.

Title is neutral in the transaction.They will ensure that seller not only does actually own the land.

Who knows, but these laws have addressed transient rentals since the 80s.There is a case where the judge actually applied the “loophole” which hurt the TP as they wanted to use STR hours as REP hours.

Other than the actual neighborhood, it depends on if it is sailboat access (draw bridges or no bridges) or what the clearance on bridges is which of course determines the size boat that can be used.