Arizona Revised Statutes, Section 33-742 stipulates a forfeiture process (that is much different than a judicial foreclosure process) that is followed with most land contracts.

In the operating agreement, stipulate that the LLC will pay a property manager 10% of revenue. 

I want them to have a full understanding of my terms - how & when they are going to pay me, what they are/are not responsible for, special stipulations, etc - before they pay, because I don't want any crying later (there's no crying in landlording!

@Mark Burik Specific performance means that if a party is trying to get out of the contract, that you sue them in order to get them to perform as the contract stipulates.

Hello everyone I have a tenant that is on a NON-FINAL STAY BY STIPULATION and doesn’t seem like they are moving or even look for apartment.

You will have a clear idea, without asset management software, how the property is doing and can adjust your property repair, vacancy and capex percentages quite easily if they are too low or too high.If you do set up multiple bank accounts, I would highly advise that you work with an attorney on the LLC that will hold the property to have either 1 manager only, or if you do 2 managers, ensure there is a stipulation with the ability to sign without the other. 

Should I just stipulate in the new lease that her previous security deposit will roll over and should she terminate the new lease after signing I'd be entitled to those deposits? 

If I remember my Contract law class correctly, every contract had the inherent right if assignment, unless the contract itself stipulates that it can not be assigned.  

I'll stipulate to the possibility that other countries have different language in their note language.  

If you paid $30,000 to the mortgage company instead of the owner while the property was still in someone else's name, and then assumed a $120,000 mortgage in return for a deed to you, your basis will only be $120,000 instead of $150,000.You would need to have entered into a written agreement beforehand stipulating that part of your payment for the property would be the direct payment to the mortgage company of the $30,000.I can't tell you where to go for more information but if you look around on this post you might see somewhere.I hope this helps.Good Luck.Michael Lantrip