Would the government pay 100% of the rent due to the tenant being on disibility and eliminate the need to collect any portions of rent that a tenant on non-disibility would have to pay.

Overall, I had a decent experience throughout the process as it generated good passive income and my involvement was minimal.However, now that I have more time at my hand, I am interested in making the process and my investments more optimal in terms of cash flow.

If you've spend more than one week in any market (I'm primarily in Indy and in the midwest) then you've seen:- Houses that are "pending" and the realtor thinks closing is coming but it is being fished out- MASSIVE spam and abuses of people that get HUNDREDS of calls a day from "wholesalers"- The same deal advertised with 10 different prices- Sellers who are lied to and taken advantage of- Wholesalers lying about values, rents, etc.Yes there are ethical wholesalers for sure but our collective immune system should be stronger and there shouldn't be so many people like this. 

That way, at least if the tenant does not replace their batteries and the landlord's insurance denies coverage, you can sue the tenant and collect from their renters insurance.

So is forming an LLC and getting an EIN to set up a business checking account to receive the security deposit and collect rent payments a good idea?

Flooring can be a basic vinyl or even a DIY job using peel & stick flooring.Expensive materials is more risk for the landlord because when they get damaged there is more likelihood you will lose money on the deal because collecting damages exceeding deposits if difficult.

He collected over $12k in P&I payments. 50% of that was supposed to go to me in quarterly payments.

Have you come across a landlord / rent collection platform that does not charge fees to ACH your bank of choice?

Lastly, get a simple software that collects rent, late fees, updates maintenance requests and tracks payments.

Who collects the rent?