We then moved to a combination of various free payment sources such as PayPal (must stipulate the free option), Venmo, Square Cash and a couple others that never really got used. 

@Jeanni Prescan issue a notice to cure or quit based on the lease violation and tack on any fees for the violation as stipulated by the lease.

I do not think that is correct the only stipulation would be that location and unit quality are more important than cap rate.

I also took a major hit on my taxes last year due to my misunderstanding of different laws and stipulations, and after reading multiple books, and attending seminars, I'm beginning to realize that learning how to utilize my taxes and a business can mean MAJOR savings at the end of the year, and money back in my pocket.

Have a written partner agreement that stipulates who owns what percentage of responsibilities and liabilities, and clearly states what happens when your partnership inevitably comes to an end.4. 

@Jonathan Killam this is definitely a good idea in theory, and we actually have had a few cases like this where we come up with a payment agreement, but we do it as a formal stipulation agreement documented in court during the eviction hearing so that it is formally documented.

On the equity, I wouldn't call it a clawback,  but we stipulated that if anyone wanted to sell their rights of ownership, members of the original group had rights of first refusal - and that new members would need to approved by the group.

The irrevocable ones do but they come with their own stipulations, hence I said that my thoughts on the topics are meant to just stir up some of your own questions to ask your legal team.

And in many cases on REO deals the listing will stipulate that if the agent is the principal buyer there will be no commission for  the buyer side.

The stipulations state that "Property cannot be sold below appraised value (LIST PRICE)."