All my developer clients and other clients I do PM work for, I have an executed contract that specifically spells out my specific duties and responsibilities, what is excluded and it does the same for the client.

I understand it's hard to start a property management company being in the military, as I've been in this life for 13 years and have my own business as well as hold a corporate executive position.

It's going to hard to execute but at least these clauses they signed will hold them against and they might think twice. 5. if it's small project, try to pay for material via HD online or phone and have them complete project and pay them for the day of work completed accordingly. 

No lender will be happy on that and may execute a pay in full clause.Good luck 

I'm now officially signed up through this site and excited to learn and execute.

After this, build a business plan on how you plan to execute the tasks after you find a property that fits your criteria.

Then execute on your knowledge with that first investment, fail fast and learn fast when necessary and remember to grow your network as much as you can.  

There would be a gift tax return filing requirement, even with no tax due.Such a transaction could jeopardize the previously executed  1031 exchange, as the IRS might assert that the property was never held for investment, but rather with the intent of gifting away to a child.

Last question Paul, I have monies sitting in the account now but have not executed a trade.

The BRRRR strategy is very hard to execute in the current market conditions.