Verbally remind tenant that any future delinquent payments will not be shown leniency.In california, we have a thing called a Notice of Nonresponsibility, where if a tenant orders upgrades and doesn't pay for them, filing a notice of nonresponsibility would protect the landlord against MECHANICS LIENS.

Any profession in the financial arena, real estate, insurance, banking or investments on the retail side (involving the public) will be based on trust.

These are the people that can be worked/groomed into giving you some very good deals.Start making a list of addresses and visit your county courthouse to look up ownership (public knowledge).

With that said I use a combination of Personal Property Trusts and Unsecured notes to achieve a complete sale, legal transfer, and still protect my asset.Bill I also really enjoyed listening to your method.

It is a good thing to learn how money and investing works.Part of my strategy is to keep my kids out of the public school system as long as possible (not that public school is bad, just a personal choice).

What would be the appropriate steps for me to protect myself in this situation?

This provides the asset protection of an LLC and the tax savings of the S-Corp.I want the great people of BP to challenge my thinking and offer some other ideas to explore....Or give support as to that being the best method.

But this is not a public company, so the share price doesn't just rise when it is profitable.

I was a Commissioner of a large public housing authority here and administered "owned housing" and Section 8.

Well clearly an attorney is going to put every clause, rule and regulation as possible in a contract to protect his client.