Do several inspections per yearThis might seem obvious but I know lots of landlords that don't formally collect information from tenants before they move in.

The partner then uses that in preparing their own tax return and pays tax from there.If you are both owners of an S-Corp, you'll each take a salary (to save on the self employment taxes) but then the rest of it works the same as the LLCYou can accomplish the same thing without an LLC, but if you're going in with a non spouse partner, I always recommend the formality of an LLC.  

What formal notice is required to legally request that he leave? 

Was it part of your screening process or a less formal thing?

Since you are looking at Pennsylvania tax sales, I will summon @David Krulac who does training on that sort of thing ...You can also search for "upset sale" and "judicial sale" and you will find a number of Pennsylvania specific posts.  

I started this company with a formal credit background from some of the largest banks in the world and have not only made, but had to collect thousands of loans.

Straight out of college 32 years ago I started with a finance company and went through their formal credit program.

I mean, a formal business plan in writing that they wrote for their business?

I've done this a few times, but always using an informal agreement or a more formal one drawn up by Ryan Jones in Edmond. 

as an alternative to taking out my slight hair-pulling impatience on my colleagues via judicious application of a baseball bat.