and punish all the evil fund managers.

i found out the GREC doesnt get compensation for you they just punish the property manager.   

My 21-yr old daughter was murdered...an innocent victim of senseless violence by a member of a Richmond Street gang while on her way to work at Richmond Kaiser on August 3, 2015...the perpetrators are facing capital punishment!

Is there a way to hold them responsible and not punish the tenant for it?

Make him include a statement for his investments that says hes a felon (involving previous real estate deals), as part of his punishment.

I don't do it with my college rentals because they're already spoiled and feel entitled.My low-income tenants tend to be 'management intensive' so that rules them out.However, for the first time I did send a card with a $20 local restaurant certificate to one of my blue-collar tenants because so far they've been good tenants and good neighbors.But I'm sure I'll be punished for that somehow. . . .

What's more, this punishes crime more than any justice system could, because illicitly attained gains would be subject to tax at the same levels that legal profits would be, removing a large part of the incentive for the illegal activity.

You can punish bad behavior all day, but unless you reward good behavior, that dog will NOT learn.

@Chris PasternakWhat you propose is a Federal criminal act and the punishment is up to 5 years in jail and a $250,000 fine.

It's not a reward or a punishment; it was supposed to be a holiday gift.