Proof of how many slots were rented for what length of time.

If the potential partner can't be slotted into one of these 3 reasons to be a partner, then DON'T have them as a partner:1 - Do what you can't do2 - Do what you don't want to do3 - Do what you shouldn't do.

If it wire transferred or direct deposited then sent immediate notice that he has gone past payment terms and the funds are not being accepted and probably so this notarized Certified Mail or through a Process Server.

Just my quick 2 cents on this, I would say the following might be some: Flexibility of termsNo credit impact (don't use one of your Fannie/Freddy slots either)Ability to quickly negotiate and adjust if something comes up where you can't payI'm sure there are more, but those are just a few

It also seems like it is a good opportunity to connect with a local self-managing landlord like myself.It feels like if I am up front with him and tell him I am a landlord a few streets over, he might feel I am wasting his time filling an appointment slot to tour his property. 

@Jay Hinrichs, to sum it up succinctly, Texas is where Napa was in the 1960's. Lots

We do this for bartenders and servers where most of their income is off the books but it can work for someone being self employed. 

It is a good idea to have an attorney draft the notice to vacate and have a process server deliver the notice for proof of delivery.

Suppose that I only have one of the 10 residential loan slots left and I want to take advantage of this low-interest, 30y-fixed loans, could I buy this Quad using that one slot?

Some of the habits I am implementing are setting aside certain time slots for tasks per day such as reading a book for 30 minutes, posting or networking on BP for 20 minutes, analyzing deals for 30 minutes, listening to a podcast for 30 minutes and analyzing stock for 20 minutes.