Back in high school, I made a decision to attend a trade school called ACE (Architecture, Construction, and Engineering) for two years.

With the contacts and relationships I have made with other trades and contractors there is no job to big that I can't get done for a good price!

Is it the drug trade.

Plus, I need to be additional insured before starting a job.I know my trade, my clients are 80% city/county/school districts, so I ain't scared of legal issues, nor do I need to talk to a lawyer/accountant.

By trade I was an aerospace engineer.

Or trade time where you help him on something and he helps you on aspects of this. 

We are planning to sue in court, get judgements for damages and report to credit bureaus so they see the consequences for the behavior.

congratulations. you will learn alot as you go. take lessons and dont make the same mistakes twice. try to do do what you can and capable of before sourcing it out. network and get great maintenance folks for all trades as you will need them throughout your journey. learn how to market and rent out your property. explore short term rentals if there is a demand in your area. 10% aside is a good start can vary on how old the property is so things can change.

It's mortgage fraud though and comes with a pretty hefty consequence.

Is this why restaurants seem to trade (last I looked a long time ago) at lower cap rates, because of the re-tenant risk?