Any half-wit can take a basic business law class and write up an enforceable and legal contract on a fast food napkin.

They are both enjoyable to read because he has a very nice writing style with plenty of aphorisms, wit and humor.

I wasn't making any accusations.

So you may be doing a lot of work, successfully get his properties sold, and not be legally entitled to collect any compensation.Using a work around, such as claiming to be the seller's employee, would require the seller's "cooperation", also leading to the possibility of not getting compensated.Many people when becoming aware that they may not legally be responsible for an obligation to which they freely agreed are able to find, manufacture, discover, or create numerous "reasons" to fit their greed, i.e.desire to not pay that obligation.However, on the other side I have witnesses third parties who are not licensed receive commission for doing what is essentially real estate brokerage.You may have an excellent opportunity here, just be aware of the risk of being screwed on payment.

Hi @Brook W., It's nice to meet a fellow Miami Alum on here!

@Arthur BanksundefinedMake sure you have a written set of criteria when processing applicants so you can stay out of the soup if a tenant ever tries to accuse you of violating Fair Housing laws.  

Have a witness when you do eventually inspect.

I agree with @Rhett Tullis about increasing the deposit, instead of the rent, and would add that you need to have your rental criteria clearly documented and be consistent in applying that criteria...otherwise you run the risk of accusations of discriminatory practices.

Is the bank OK w/ it either way (LLC or personal purchase)?  

I'm at my wits end on how to eliminate the stale odor.