@Thomas Talbert your CPA should be telling you that you need to make yourself a W-2 employee of the company and pay yourself a monthly paycheck.The payroll tax deductions will help avoid a huge end of the year tax bill.Also, too large of a tax bill will piss off the IRS and they may charge you penalties + interest for not making quarterly estimated tax payments.

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Large down payment?

My quick math says, 60K (30%) down, morgage payment $1000 plus $230 /month land lease and $125/min for taxes.

Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Mortgage payment is 585$, rent amount is 1320$ currently.

If I lend money as a first lien holder and get interest payments only (no profit on the back end, etc.)?

If I understand this correctly, I don't have to accept any form of late payment and can continue with the eviction process?

Since he was 6 months late on the loan, I had urgent needs for the loan and wanted a wire for many reasons (my bank- bank of America puts holds on all large checks, so I am blocked from access to it for a week) and I didn't trust him with my wire information as he told me point blank "I'm not going to give you that information" when I asked who the closing attorney was. 

Mostly I just want a platform that reliably works for pre-screening, credit, background, leasing, payment, and reporting maintenance issues.