I would then follow that up with a lease violation letter aka notice to correct.

You could say you are the manager which is true.Carry correct insurance and take care of your properties and you should be fine.

Patience, always ask for clarification  your thought is correct it means what you think it means

distressed deals will now sell quickly on the MLS if they are priced correctly. 

If the numbers do not look promising, they will not lend and that tells you something was not figured correctly. 

This is what the attorney is focusing on on, that I did not send the security deposit notice to the correct "last known address" and therefore I violated FL 83.49.The attorney will argue in court that he or his legal assistant mailed the notice of last known address change to me since there is a proof of service filed in the eviction court, but as I previously stated, I never received it and did not know about the attorney until after being served with the summons and complaint about 2 weeks ago.This attorney has found a very lucrative loophole in the Florida landlord tenant laws and sues many landlords over a technical violation.

I would recommend you speak with your tax advisor and set it up correctly from the start, whether an LLC, Trust or something else.Also consider states different laws, maybe find a state with more friendly landlord protections. 

with my agent, knowing the numbers, and finding the correct kind of distressed situation.

The City Inspector does not add on more work...assuming you have the project correctly estimated in the first place.

For our bookkeeping clients, as a placeholder, we usually do an 80 (building) / 20 (land) split until we have the correct figures from the county records (it takes some time for those to post sometimes) so their bookkeeping records show something we can refine later.It looks like you got some good insight from others too!