However, this is not really effective in the real world.

I recommend that you stay on the safe side and do send 1099s to your wholesalers.You do not need to send 1099-NEC in these cases:You paid the contractor electronically (more on this below)You paid the person a total of less than $600 during 2023Payments for purchasing all kinds of goods, materials, and property, including real estate itselfThe person who worked for you is a corporation, and you made payments to his corporation.

I am new to real estate investing and looking  to connect to any local imvestor.

If you google the Wyoming address it is an attorney's address who specializes in setting these companies up and is a mail forwarding service not a "real" office with staff, owners etc.In the one investment document I read, your investment would be in a construction company with no assets and secured only by a UCC filing.  

(b) Once you know what you can buy, you would line-up a real estate agent that works with investors in the market you are buying.

The thread addresses a different topic, the Real Estate Professional status, but the same principle applies to the hours in both contexts.

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.

I cannot understand why its so expensive.I've worked in real estate for years. 

Good Morning BP,I bought my first house last year in Suffolk, Virginia just to get started in the real estate game.

I'm located north of Houston, Owned a Real Estate Mortgage company years ago.....