I think in part to the temporary lease agreement that TAR has, and the fact that if a deed is not going to be delivered within 180 days, and is not a lease option, then the sections regarding a contract for deed apply. 5.063 -5.065 discuss notices required and remedies of default, focusing on the mortgage and default of the mortgage, and that the seller must give specific written notice if the mortgage goes into default, and even states the notice to be in 14 point type. 5.065 also states the seller must give the buyer a 30 day notice to cure if they default on a payment. 5.073 states the seller may not impose a late fee of greater than 8% of the monthly payment, 5.073(a) does not apply.5.073 (3) (4) state the seller can not impose a prepayment penalty or withhold an option fee for a late payment, ie.

She doesn't need a "salary" from the flipping business, but is not opposed to taking some income as salary or distributions to reduce any unnecessary tax burden.

Frankly, you comment is unnecessary as its public policy in ALL 50 US states and commonwealths. 

Not only is it a good idea not to impose unduly, but it is for the protection of you and your contractor.  

In addition, you have the issues of HOA fees, special assessments, fines because of tenants breaking rules and regs of association, and rental restrictions imposed by the HOA.

I have read tons of real estate books and of course used what I've read in the paper, but I would like to add some hands on reality.If it wouldn't be too much trouble could I impose on anyone who is willing to answer these few questions?

I have never heard of this, neither has my agent...

Long story short - seller had agreed during inspection period to do some repairs and he has not. Sale was actually scheduled to close today - and I agreed to a cre...

With month to month, I can just terminate the lease if they upset me.Giving someone the first month free and then trying to impose terms is a lot like pounding your head on the wall and then complaining it hurts.

In the past i've usually held stuff in an S corp or LLC and then did a mortgage between myself and that entity just in case something happened and there was litigation against that entity.Am I over-complicating things and adding unnecessary costs?

I used to live in one of my multifamily rentals before I got tired of being too close to my tenants (too much access, always asking me to do unnecessary stuff).