Check their record with consumer affairs (license bureau) to assure they are currently licensed in your county and do not have outstanding complaints.

I can assure you that the prices have behaved in an unpredictable way and despite all the damage, the city has recovered quickly.

However, you should weight if the compliance/set up costs will be greater than the payroll tax savings.

But you will most likely be judged on it unfairly by contractors, just as surely as you would be judged unfairly for a number of other reasons.

TRID (2013) has a tighter compliance requirement as it is a relatively new law.

The only option at that point would be to not renew when their lease is up, or evict based on other items that aren't remedied like property condition/damage, non-compliance, etc.Consider adding a daily late fee to your lease. 

If your tenant has otherwise been problem free, I would focus less on that and more on just getting into compliance.

Simply give them a copy of the bill, after they pay December rent.. and then say 3 days to pay the bill, if they don't pay it give them a pay or quit and next step is file for non-compliance This has NOTHINIG TO DO with SECURITY DEPOSIT.This is a clause of their lease, if they don't pay they don't stay.

I don't ask for part of the profits, just rent and offer a minimum of a 2 year lease so they are assured of recouping their furniture investment.

In a market like Houston, with multiple offers coming in on most properties, they just laugh at you.The purpose of putting an expiration date in an offer is so you can be assured that it can no longer be accepted.