It appears these investors merely provided unsecured loans to RAD who in turn purportedly made loans, although its unclear if that ever happened.

If you are waiting on a repairman for those as well general repairs its going to hurt your profit and your appearance. 

I just pointed out that at that time, the court suspended the requirement about a week before your post. 

I believe this is the type of Person BP should be courting for pod casts or whatever type of presentation your contemplating in the future to help guide your BP members that are starting out. 

This gives you what should be an easy means to get rid of what appears to be a less than ideal tenant.

The best way to learn this is by reading a Tax Court case.  

I am also considering multiple rentals and it appears that I have found a pretty good property manager based on feedback I have. 

However, employer profit-sharing contributions (up to 25% of W-2 wages) are not subject to FICA taxes and do not appear on the W-2.To stay IRS-compliant, ensure your Form W-2 and Form 941 properly reflect deferrals, and maintain a reasonable salary to avoid red flags.

If Don fails to pay, the bank will certainly go after me, it will at least ruin my credit and will likely take me to court.

Ask a local professional.I hear u .Either I settle or go to court on the 17 of January.