Just collect my rents and turn a blind eye.What do you guys think?

Another way to sell it to him is making him aware that he can be like the guy at the top of the money food chain - a bank - loan out money and collect interest.

I don't have the publication number, but there is one dealing with rental properties.Taxable rental income is the amount of income (rent, laundry, etc.) you collect less all expenses.  

I hope to learn from the collective expertise of the members on BP.  

It almost sounds like some guru got a hold of you and claims their forms, you paid for, will in some way make you bullet proof if a deal goes South. 

A license does offer a competitive advantage because, like Eric said, you can list your own houses and save part of the commission AND you can collect a commission on the front end essentially lowering your purchase price. 

Focus energy on networking with their foreclosure or collections departments.

Per our conversation, I am enclosing additional proof of ownership to the property.Our company recently purchased the property located at 123 Main St, Anytown CA 12345.

Proof of funds letters are NOT mandatory.  

Usually my response is that it is to their benefit, since banks must have given them proofs if they truly made a payment, so will never have argument whether they have paid or not.