For practical purposes, the bank wouldn't really care whether you gave yourself a W2 or kept the money in the LLC.

The work that was done was based on the evaluation recommendation of "long term construction  material shrinkage, deterioration consistent with age of the structure, and differential foundation movement". snippet from summary.

In my opinion, I'd call it fraud, although technically, it may not be.So for me, your business practices don't meet my standards for anyone I will do business with, or who I will refer my clients too.

If you practice wholesaling like 95 percent of people on BP and not actually buying the property you will be practicing real estate without a licenses but that doesn't matter because you won't get caught and the government doesn't have the resources to go after you.

See the problem is actually collecting that $1,000 rent consistently. 

We're practically neighbors, as my husband @Darrin Carey and I are in Beavercreek.

They purchased  new home from the builder that practically gave the home away.

Banks don't accept payments as a general practice once they are behind anyway.If the seller also can demonstrate financial hardship, they may be approved for a short sale like @Jerry W.points out.  

There is no way that I'm going to dig up court findings that may be filed or related to "predatory" practices arising from torts.

I try to stay out of these types of situations but as a practical matter most tenants do tend to have their usual parking spot and I do get calls because "so and so" is parking in my spot.