So I guess thats legal.  

You don't have to file "Trust" documents in order to hold a tenant security deposit in trust.

You could easily niche into that via even just the legal realm and would probably never have to step outside of it.

Link to article about Falls Event center founder that recently went under & is facing major legal issues.

Prioritize properties with strong rental potential and set aside reserves to handle unexpected costs.Finally, familiarize yourself with tenant laws in your target market, especially in Portland, and consult a real estate-savvy CPA for tax efficiency and legal considerations.

However, I’m unsure of the actual process of paying myself as a business owner.Here are some questions I’m hoping to get clarity on:How do you legally and practically pay yourself from your Airbnb income?

He also had no official identification of the company or the legal representative.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

They can and will fine you heavily and order you to remove it completely if you don't go to them first and ask for an inspection and do what they want to make it legal and permitted.Don't try to "get away with it".Be a businessman and fix the problem the right way.

Obviously this may vary by market but we would not accept partial payments as it does make things more challenging legally if you need to evict them.