In FL practicing 'real estate' without a license is a 3rd degree felony with up to a $5K fine...kinda scary!

When we download out banking transactions into our accounting system, each deposit transaction are associated with the appropriate tenant.System scales very well.Partial payments are not problematic for us because regulation deems rent to be late until it, and all arrears, have been paid in-full.So accepting tenant deposits directly into your bank account can be a low-effort scalable method of rent payment.  

I would initiate the legal eviction process immediately.Also, if you had to evict a different tenant earlier and now you want to evict this tenant, I'd say it's time for you to review and tighten up your screening practices. 

There are many books on that subject but I would like to know if anyone has read a few, and would recommend one or two.I'm looking for a book that offers proven best practices/recommendations for setting up LLC's, land trusts, and/or S corps, etc. for properties and companies owned by a real estate investor.Any recommendations would be much appreciated!

Well, considering the lender is more than likely a federally regulated and insured instituion, defrauding them makes it a federal offense and sticking it to them on a transaction because they are the big bank that caused this mess in the first place, isn't the defense i'd want to use in front of a judge.

The business didn't last long for fear of aml regulations but I did profit a fair amount from their appreciation.

Doesn't matter if your going to buy the deal just put them up so we can all practice analyzing. 

Apparently that's the usual practice around here.I gleaned as much as I could from the proforma, but you shouldn't take the info on it as accurate.Depending on the purchase & sale agreement your agent uses, it should ask for those documents for you to be able to inspect. 

They are also the best way to get connected with other sellers for sharing best practices.

Many federal laws may apply, the UCC, Fair Trade/Advertising, The Land Sale Act, Civil Rights laws go beyond race, Red Lining laws, The Trade and Services Act and an alphabet soup of agency regulations.