If you had the work done by a corporation or you used credit card, then no 1099 is required.These rules are in place to prevent tax evasion and tax fraud.This is the IRS publication discussing record keeping:https://www.irs.gov/businesses/small-businesses-self-employed/what-kind-of-records-should-i-keepThis is the IRS publication discussing 1099:https://www.irs.gov/pub/irs-pdf/i1099msc.pdf

Stick with verifiable facts when evaluating potential tenants, such as income, employment and rental history, credit and criminal records.

I’m 44, self employed, few rentals, always looking for more.

MHP assignment opp to make $10K/mos net cash flow: Park $635K purchase price ((Frank Rolfe formula value of $690K) Full occupancy valuation is ~3X this amount71 Lots/32 occupied (all tenant occupied- no POHs), $325 lot rent Comp- MHP less than a mile away is 90+% occupancy @ $400/mosUpgrade opportunity RemeterRaise rentsInfillLocation Midwest- MSA 335K populationAverage home $148K$46K HHI10% pop growthDiverse employment with two large universities within 12 milesUtilities Septic/wellCounty approval to connect to city sewer and finance project over 20 years.

We also have a strong agricultural job market.Because we have several colleges in WW and a fairly stable employment market most rentals regardless of bed/bath do well. 

Just a mention that these tools, when employed correctly allow us to understand the people we deal with at a much deeper level.

Where you need to be careful is if your market is tied to some microeconomics trend that would cause downward pressure on housing prices, like one industry or employer town where that employer or industry is shrinking and demand for housing is decreasing.

.: https://www.irs.gov/businesses/small-businesses-self-employed/tips-on-rental-real-estate-income-deductions-and-recordkeeping. 

@Horacio Gutierrez it's considered inventory, and taxed at your normal tax rate, plus self employment taxes.

. :) I went on to get an MBA, tuition reimbursement helped from my employer.