The property owners IN MASS burnt down their properties, which, since they did not file insurance claims was actually the only LEGAL way to free themselves of the continuing negative cash flow of these buildings.  

Not qualified for any public/non-profit assistance.Am I able to run traffic to this offer legally?

Second, it's probably not legal to charge a management fee on the deposit.

Will this optimize your tax position or legal position?

This is not tax or legal advice; engage those professionals. 

Just do it, tell them to send you some gift cards for the inconvenience lol otherwise they might have to call your note if its in their legal reach. 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

That means a lot more time and money will be spent by the owner doing an ejectment rather than a simple eviction.Seek professional legal advice before moving forward with any of the above.Hope this helps. 

Here’s how to get itFor an unbiased legal opinion, consultant with an attorney whose fee isn’t contingent on outcome, or loading billable hoursFor an unbiased financial opinion, consultant with a FEE ONLY financial or FEE ONLY investment advisorFor an unbiased real estate opinion, consultant with a fee based consultant, preferably one who has obtained the CRE (counselors of real estate ) designation. 

Is it the Wisconsin Legal Blank state one?