In your effort to save literally a few bucks this guy in the long run will most likely cost you WAY more than you'll ever save.

Or is it perhaps because the time/effort/funds doesn't justify it?

I am focus my investing efforts on positive cashflow properties of either a single family or student tenant in mind.If anyone has experience with deals that match my targeted tenant it would be awesome to hear from you.

Doesn't mean it can't be done, but takes a lot of efforts.  

Agreed, a 1099 can be issued with little effort and would be done at the same time as filing the (hopefully they have  more than just you as a client.Their 1099 should be for the GROSS Rental income they have collected, not including security deposits unless they were forfeited by the tenant.Track1099.com is where I send my clients to issue their 1099s if they only have a handfull of them.

Property has had $4000 for tenant make ready when I got it last year1 unit had new floors installed in the bathroom recently-around $1000Property is free and clear Asking Price $30,000No work needed and all 3 units are fully rentedMy lender rates are 5% interest rate and loan is to be paid back in 4 years. loan-$30,0004 year interest rate-$6,000total loan-$36,000Monthly Payment-$750Total Monthly Income-$1515$1515-85.00(insurance)-$30(grass)-$151(management fees)-$150(utilities)=$349 Cashflowis that a good deal or is it not worth the time and effort??

HiI am embarking on an expanded effort to purchase properties <$50k.  

I'll definitely make an effort to get involved with the community here and also some local realtors. 

Put in the tireless effort and you will be rewarded.

I found this in the blog post, "Michigan AG is cracking down on fraudulent businesses, unlicensed real estate professionals"One thing is for sure: the [Michigan Attorney General]’s office is taking serious efforts to shut down businesses engaged in unfair practices.