@Tracy Thielman I continue to adjust actual average cost to maintain my properties and the expectations when thinking about buying another.

However, the note itself is still in effect as a liability of the maker of the note and any guarantors.  

Forms 1099 for the calendar year 2025, those that are due Monday, February 2nd of 2026 - those still have the old $600 threshold.Yes, the Big Beautiful Bill did increase the threshold to $2,000 but it goes into effect for payments made in 2026 and after, not for 2025!

Maintain a shared Google Drive organized by property with dedicated folders for invoices, receipts, and maintenance records.

Plain, simple, and effective.

There isn’t one “best” method; the most effective wholesalers.

Property age is less about the year built and more about what's been maintained or updated.My checklist for pre-1950 homes:**Systems to verify:**1.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

From an investor standpoint, it is also worth thinking about the risk side: You are layering debt to acquire the assetYou have two payments tied to one investmentReserves and true cash flow become even more importantThe deal should make sense beyond just qualifying  I have seen investors use this strategy successfully when the numbers are strong and they maintain liquidity after closing.