Given that it is primarily restricted to certain states, do you see it increasing in popularity among states that don't [formally] recognize the structure?

I handled it by sending an email to all of the tenants as a friendly but formal reminder of rules notifications.  

Is there a formal easement on the deed?

A few things:1) In Tennessee, A judicial state, it is unlikely a judge is going to award you the lease balance as relief for the the tenant breaking the lease.

Commingling funds, disregarding all corporate formalities, using the entity to commit fraud, etc.  

The Judicial Branch interprets the laws.All three of these come into play with the laws we need to obey.  

I suppose Rick things I far reaching again, but the simplified probates are different than the formal probates. 

Formal letters are good in some situations, especially when needing to keep a written record. 

You end up in a judicial foreclosure, going to court.

What makes one think a person without formal real estate training will have the ability to purchase enough below market and then flip it to an investor for them to make $$$.The truth of the matter is that wholesalers have a very tough job.