It seems like fortune 500 companies like Walgreens, Rite Aide etc. seem to be less risk than say a small dental office. 

Is that standard procedure?

What is the exact buying procedure?

The condos will be two separate structures (not attached) and have different number and street addresses.My plan is to acquire a new 1031 exchange rental property with the sale proceeds of my current 1031 property in a proper 1031 exchange procedure.

Is it standard procedure to receive a bill at the end of the month for "templates" and "phone meetings" I did not know where to be billed ?

Well, it's not whether or not I have the stomach for it, etc, I'm trying to quantify the impacts, (in sole regard to this title thing) get probabilities of the risks, the triggers, mechanisms and procedures, etc. so I can make a proper risk management assessments, backup plans, etc.

Is it normal procedure to request a copy of the drivers license and social security card, and an application fee, before accepting the application?

If you're having that many problem tenants, you may want to review your screening procedures.

Finally, assuming I would be acting ethically and following the proper procedures are there different fiduciary responsibilities between just having my license as opposed to working under (or eventually being) a broker?

Matt Horwitz provided you with the perfect step by step procedures to establish your LLC.