After 5 days, it is an automatic 5% late charge. 

I was thinking from a legal perspective I would need to perform an OFAC check which is automatically done through my background check system(https://www.tenantbackgroundsearch.com).

Absolutely - plus it is automatically free to the buyer if listed on MLS. 

It just automatically withdraws the rent from the tenant's account each month and then transfers it to your account. 

I'm also seeing something about doing a 6 month lease option then automatically rolling it into a land trust for another 12 months or something along those lines.

Either of you could will your half to whoever you want, but if the deceased didn't have a will, state law dictates who inherits their half, either the remaining spouse or other heirs.Community property doesn't automatically become the remaining spouse's property when one passes away.Maybe Google Community Property in New Mexico for more info.Cheers!

My understanding is that it is vague and you just have to "spend most of your time there" - which I could do, but my kids would still be in school in California, so not sure if that automatically makes my California place that I rent my primary residence.Thanks for the feedback, guidance, and recommendations.

Also, down the road (When you decide that running your own books is no longer fun and your time is more valuable than doing data entry and month end reconciliations) your system would need to be taught to an employee or outside accountant... it's a custom solution, which means that automatically the learning curve is going to be much worse for that person vs.

I've found a few, but they all cost a lot of money and I wonder how great they actually work.I'd like to automatically scrape emails from sellers on Craigslist and automatically send them an email.

Judges aren't allowed wiggle room to use common sense and the penalties are steep with an automatic judgement of 2X security deposit + court cost and the tenant's lawyer fees.