These are professionals with additional training and a stricter code of ethics.

Elise, I am from NJ and my properties are in PA, my PM has never charged that. 1099-MISC is for sub contractor when you pay them, as a PM you are not paying owners because we own the property, we pay you and if anything we should be sending that to the PM, but you should be professional enough to report your income, that income for you is subject to SE tax which you would have to pay. if you are going to charge your customers to cover that cost on top of your normal rate you charge, you may not get any business.

@Gui Qiu,  You will definitely need an experienced professional to set this up.1) Property owned via foreign Corp : 2) Property owned via foreign Corp via US corp: Both of this will avoid estate and gift tax. 

What you said is very true and correct.

I wish more people read the fine print and calculated the true costs like you've done. 

That is if the $26k you are putting in from the beginning doesn't totally strap you for cash.Also, and this is a personal thing which may not be true for you, I always want the numbers to cash flow positive after including property management in the calculations.Good luck.

If you're not interested in women, no judgment here, but I suspect when all is said and done the same financial realities are going to be completely true about gay people -- overwhelmingly, long-term couples that fight to stay together and build their financial future together are the only ones that have a chance to make it.

These are professionals with additional training and a stricter code of ethics.

And if I create an LLC, what is the true benefits?

While I don't have a lot of concrete achievements I can point to (due to only being 17) I scored a 32 on the ACT, and have been able to refine my networking abilities through myriad professional development events in my community over the last two years.I've been reading and consuming as much as I can from Bigger Pockets for years.