Now he needs to participate in the payout to investors who lost money when the properties they bought through GEG were never renovated, even after they paid for those renovations.I will be contacting the SEC and FTC so they can take care of it.

If something happened to me, I wanted my wife and kids cared for.

You appear to be an investor who only cares about their spreadsheet's best possible outcome without any regard for risk.

I know no one's going to care there about the plight of a landlord, but in all honesty - who cares if he dies of exposure?

@Chirdeep BhutaniCap rates are a good starting point but are only a single measurement of an investment.

If they have been paying on time and taking care of the place, there is no need to screen them.If they want their friend or family member to live with them, then you screen that person and decide if you want them living there. 

Like right now funding land flippers in rural CO.. and that is a spectacular  market for us.. have not gone vertical. then you can go to private money like Builders Capital  Peers of mine in the industry dont care for them.

One thing you want to be careful of with your plan is tenant blowback if talking about management talks about tenants as you said it would.

It won't matter if they hire an attorney to fight it, because the databases that report evictions only care about whether or not an eviction was filed. 

I've never heard of an HOA that is not responsible for driveways that they laid and trees that they planted.