I started out as a part-time investor––holding a full-time job in high tech––and my passion for real estate enabled me to escape the rat race of Corporate America.Prior to Luxmana, I did multiple development projects in the trendy Highlands and Berkley areas of Denver, Colorado.

You might also, form some sort of corporation or a LLC with the advice from an Attorney and/or a CPA (or tax accounts).  

If he doesn't want to corporate, don't renew him if you don't feel comfortable. 

I know some local conglomerates (I don't want to call them landlords as they're corporate) that don't have any options except deposit or online payment; they don't even provide a mailing address option to the tenants and the on-site property manager isn't authorized to collect money in any fashion whatsoever.

Quite a list of prerequisites: http://mortgage.nationwidelicensingsystem.org/slr/PublishedStateDocuments/GA-Mtg-Lender-License-Description.pdfSome exemptions include:  Federally insured financial institutions and their wholly owned subsidiaries;  W-2 Employees of licensees and registrants (see Code);  Attorneys who provide legal services who are not in the business of negotiating loans;  Any person performing any act relating to mortgage loans under order of any court ;  Nonprofit corporations making mortgage loans to promote home ownership or improvements for the disadvantaged;  Any natural person who makes five or fewer mortgage loans in any one calendar year;  Other… refer to Code Section 7-1-1001.Bob

Hi Peter, I would really like to know how to go about setting up a corporation in the US, what to do and what no to do?

MF complexes are better than 1to 4 unit houses because of the existing competition.Another thing you should consider is forming some type of corporation or a LLC depending on your financial worth and plans on what you are doing.  

At a minimum, it seems one should run a credit check, employment verification check (to verify their past is what they say it is), criminal background check, bankruptcy check, perhaps research previous LLCs or corporations the person has formed.

It’s a hybrid of a partnership and corporation.

Also, were they letters with hand-typed font or corporate looking?