At the end of the day if someone passes background check and has proof of income it doesn't really matter, but just curious thoughts here. 

For the average investor and accredited, I think honestly small cap growth, deflationary-proof stocks are the right passive investment along with private debt and not real estate in the shortest of terms. 

Question 5: At what point do I need to collect the proof of funds, earnest money deposit and purchase contract from the end buyer?

I will then go immediately into renovations, for which I have proof of funds. 

To register, an owner must provide a completed application, proof of ownership, designation of a responsible party, a copy of the City of Bradenton’s business tax receipt, a current and active license as a TPLE, a current certificate of registration from the Department of Revenue, an exterior site sketch, an interior building sketch, a blank rental agreement, and any pre-existing rental agreements.

Do they have proof that Frank Lloyd Wright was the architect?

I have a signed purchase agreement with the seller and have proof of being able to go through with the purchase on my end (financing good to go, title company set up, etc.).  

Are you buying it with cash and can you provide a proof of funds?

As long as you have proof of mailing you're okay on the time (not when she receives)  If you end up spending less to clean then you may have to refund some of the cost. 

Please provide the necessary documentation no later than [DATE/TIME] or confirm your intent to terminate the current lease and vacate no later than [DATE/TIME]"That's a very simple example, but gives you an idea.I also recommend you make tenants responsible for improvements, that they be at tenant cost, and that installation and/or removal be done professionally with receipts as proof.