The 1099 is issued to you and the IRS to make sure that you are reporting rental income on your tax return.I would use the annual property management statement to report the income and expenses per property.The property management statement will likely include property management fees charged to you and repairs made on your behalf.

A common issue in the smokies log cabins is no caulking at the outside base of the tub/shower and along the bathroom base boards.

And it would be your SDIRA issuing checks, not you. 

If not the bank starts the process that's the issue I see..Then don't get me started on the bad actors who will learn this and will not give two shakes for the seller .. once they realize their credit is not on the line .. rip rents all sorts of bad stuff. that's were i get the heartburn..

The issue then becomes owning yourself vs owning passively through a fund.

Hey @Sahil Rajput, I'm originally from San Francisco, CA and ran into the same issue when I started in 2021.

Typical issues that will cause friction: rent not being at market rate, how/when to do updates and repairs, late payments/missed payments, and plenty of other potential pitfalls.

While the issue on hand was resolved we did stack up a good over 9K in expenses. 

I have written to the builder asking them to cure this issue, but I must say that this builder has been very difficult to get anything done.

Houses there twice expensive that in Detroit and I can afford them, but the risk to buy poorly fixed flipper is seems too high(I've seen couple of bad flipped houses for sale, that had some issues with permits after fixes).Cleveland seems similar to Detroit.