This issue is like that of a pool, some will seek you only becuase it's furnished and others will avoid you only becuase it's furnished - net even. 

I don't have the cash but I've been actively investing with my vacant land business for over 2 years now, so the hustle isn't an issue.  

The title search is the work researching any issues that may affect the title.

As an investor and wholesaler I am running into bit of an issue .

We don't have time for any issue or problem.

When I say I've "successfully added" the clause, I mean I've had a tenant-friendly judge issue a judgement against the tenant, noting in the judgement that the tenant owes the interest too.

I suppose the issue is when you liquidate, depending on what order you sell may imbalance your numbers. 

I'm not saying that your plan can't work, I'm just pointing out that these types of extremely cheap properties usually come with TONS of unique management and sales challenges that don't occur with more run-of-the-mill properties, so you'll want to study up on those issues and have a game plan before proceeding...regardless of what you decide to do, it may be a good idea to consider how you could leverage this deal as a springboard to get you to other, higher-grade properties......the good news is that you're only $5k into this thing, so you're not in too deep...yet...Good luck out there!

who issued the 1099? 

You should inform the title company that you'll be assigning the deal to an end buyer, so they postpone the municipal/lien search but proceed with the title search to ensure there are no issues with the title.