Yes, landlords who have rental activities that rise to the level of trade or business need to file 1099s. 

If they are renters with a lease, it would have to be a long lease for the lease to still be active after the foreclosure process is complete. 

There are a number of specialty providers that serve this niche, which is basically an IRA with a broader capacity for investing beyond the stock market.Several such providers are active here on BP and contribute to the community.There are two types of providers, and the best for you will depend on your investment goals.If you are thinking of something fairly singular and static, a self-directed IRA custodian will be a good fit. 

However I sold all my SNF investments and now doing both passive and active investment in larger MF.

What role will you play in the investing, Active or Passive?

The east end seems to be rehabbing faster than the west end because that is where the activity is on Cherokee St.If this is your first property, you're going to have to learn tenant screening and be on your A game 100% of the time in this area.

The fee is $10K plus criminal chargesAs a whole seller, you'll take a title on yourself, complete POS and then sell it again?

I'm told banks these days are actively pursuing "due on sale clauses" when investors transfer title from personal to LLC.

I live in and invest in Point Breeze and I'm active in the investing community.

Consider his book, "Cash Flow Quadrant" as a must read, but at a lower priority than the other 2 I mentioned.I've basically had to set aside almost all business activities for about 9 months now; leaving rentals rented and unable to pursue anything new for awhile.