However, if it was a daily late fee, I would charge it up until the rent was actually paid (a bad check that bounces does not constitute paying the rent). 

Here is what the FL status state (196.061 Rental of homestead to constitute abandonment):(1) The rental of all or substantially all of a dwelling previously claimed to be a homestead for tax purposes shall constitute the abandonment of such dwelling as a homestead, and the abandonment continues until the dwelling is physically occupied by the owner.

Our no-smoking addendum outlines it even further as to what constitutes "smoking" for those who don't seem to grasp the concept very well. 

You use the word "allowed" as if you have some kind of constitutional right to do anything you want with "your" property, which I assume runs the gamut from brothel to strip mining operation - but in reality every state has the right to regulate economic activity within their borders (intrastate, rather than interstate) how they please, and if you have rental property you are operating a business.

Disagree all you want, but my state at least says any services rendered to another person that denotes knowledge of the law constitutes practice of law, and the preparation of forms or provision of forms in contemplation that they be used specifically equate to the practice of law.

I let them know I would use my constitutional rights if they did not rescind my contract.

The lease also stated payment of rent more than 10 days late constituted a default and any waivers must be in writing and signed by the party waiving a provision of the lease.

BUT if a pipe bursts, the roof collapses, or a fire happens in that commercial unit, that's not really the place of the renters/liability policy to kick in -- it should be covered by the landlord policy as it's a loss on the physical property (which the renter does not have an insurable interest in); a residential policy would not cover the commercial unit, and that's the gap I'm seeing in the current setup regardless of who is named on said policy.Best of luck and take care,FrancineCA Insurance License #4138783 (In case you're in CA)----------------------------------------------------------------Disclaimer: The information provided in this post does not, and is not intended to, constitute specific insurance advice.

And the CA FTB takes a very broad view of what constitutes ‘doing business’ in CA.

We solve that by either forming partnerships or equity investments via syndication (there are strict rules about what constitutes what).You need to find a way to add value to the properties and increase cash flow, 5-6% isn't going to cut it if you're paying off an investor.