Theres so many problems, this is a team deal scenario and one needs rules;  never take a contract less then 7 days prior to the auction, and NEVER NEVER N E V E R close allowing the seller to stay in the house after closing. 

Did you try meetups and Facebook Groups in NaplesExample there are few ones here in Naples which are freehttps://www.eventbrite.com/e/likeminded-naples-real-estate-i...

https://www.redfin.com/OH/Cincinnati/17-E-Mitchell-Ave-45217...

I will do e exactly how you said,  will wait and study.

It fills out your Schedule E to send off to your CPA every year!

(e) Minimum side yard: 10 feet distance from side yard to nearest building or structure.

If Caleb doesn’t respond you might want to check out this thread https://www.biggerpockets.com/forums/51/topics/816680-real-e... 

And if someone clicks to schedule a showing it has a form to capture there information that goes into a crm that then starts a "prospect tenant" followup campaign including response text instantly to interrupt there search knowing we got there request and check there e-mail where we send followup information, links, directions etc etc. 

If you are sole member LLC you just take a distribution from your business account to your personal account.You are likely already reporting the income on a schedule E.

And I suspect their E and O will kick in if this money is lost  just sayin..