@Bradley GasparovichI would also add your stance on an applicant with a criminal record and previous evictions. 

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Plus you will be filing a lawsuit for the records of income, expenses if needed, so taxes can be filed without criminal errors. 

•Criminal penalties: Potential fines of up to $10,000 and imprisonment for up to two years for willful violations.Therefore, it’s crucial to meet the filing deadlines to avoid these penalties.As Chris mentioned, completing the BOI submission process is straightforward.

RentPrep is going to give you a much more complete picture and much more reliable criminal background. 

this is in our lease regarding prohibited conduct, aka violation of the lease, "criminal conduct, regardless of whether or where arrest or conviction occurs, including but not limited to: manufacturing, delivering, or possessing a controlled substance or drug paraphernalia; engaging in or threatening violence; possessing a weapon prohibited by law; discharging a firearm in the apartment community; or, except when allowed by law, displaying or possessing a gun, knife, or other weapon in the common area, or in a way that may alarm others"I'm no lawyer but the person who wrote this lease is a lawyer, "regardless of whether or where arrest or conviction occurs" leads me to believe that suspicion of illegal activity is enough.

This is an internal accounting requirement  You can cut a check to any member as a drawing or return of capital, to them individually, that's not an issue. 

@Julien PayneCongratulations on leaping international real estate! 

I am installing a security camera on the northwest corner of the garage to monitor the garage door and part of the common area where a criminal is most likely to approach the building.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.