I wasn't involved but it sounds like that dude misled a lot of out of state investors into buying houses in the hood that were supposed to be rehabbed and never were.

So there's no government involvement.

I think there's pros and cons to both, but to be clear in other scenario I want to lead or be actively involved in finding and managing the deal so I can begin to build up that muscle.

I am looking to get involved with some boots on the ground work in Atlanta.

I'm looking forward to getting involved in the BP community

@Kevin Coleman -Here are answers to your questions:1) Buying a short term rental vacation home here in the Orlando area doesn't involve any special requirements than in other states.2) You will need to use a lender licensed in Florida. 

1) Ignorance of the law2) Ignorance of costs3) Inability to understand and properly measure the risk involved with an investment.

@Val Jaz I agree with everyone on the approach of just issuing the notice to quit based on non-payment of rent, and do not interact with these people or get involved in any more drama.

What would be the best way for all involved to go about this?

Then there are lenders who do loans for REI and they understand the risks involved with rentals.