But how can that lesson be learned when the landlords are the ones being punished??

I will only say that tenant tried to pay rent beyond the 60 days, I politely declined, and he got violent.We filed an unlawful detainer after they did not vacate.

“What are some of the punishments dealt to the wholesaler  e.g.were they imprisoned or fined,forced to pay all plaintiff attorney’s costs,enjoined/lost ability to enter into mortgages, sell real estate, or dealing in finance deals?”

Way to be.What I really find disturbing about @Andrey Y. formula, besides it being so small, is that he effectively punished the people who are struggling the most by charging them full rent for not paying by the first.

Its like being punished for making the right decision to go to school, get a job, go to work, and NOT be able to by a house is disrespectful.

The Cook County Human Rights Ordinance: This ordinance prohibits people in Cook County (including employers, landlords, property managers, real estate agents, store and restaurant owners, bankers, lenders and Cook County government officials and employees) from unlawfully discriminating against or harassing other people on the basis of that person's race, color, sex, age, religion, disability, national origin, ancestry, sexual orientation, marital status, parental status, military discharge status, source of income (including use of a housing choice voucher), housing status, or gender identity.

"They ain't gonna catch me and even if they do they probably won't punish me" doesn't mean you aren't breaking your promise. 

The leases we draw up have a clause that states that anyone who has been present in the property for 14 days consecutively during the lease is an unlawful occupant. 

Read the agreement.The Fair Housing Act makes it unlawful to deny or limit housing because a family has children under the age of 18, and to make statements or establish rules and policies that discriminate against families with children.

@Robyn Gersh, I’m “able” to drive 100mph on the highway....unless I get caught and punished.