Read up on both wholesaling and geographic farming techniques and work a "farm" area by looking at public filings like divorce, probate and notice of default.

WOWIf no one lives there could you file for abandonment?

He and his family have been very difficult with the move out;  his son has told me he will break back into the house (filed a report with the city police dept and informed the tenant of his son's threat and my report), he insists that they "took excellent care of the house" and is expecting his full deposit back. 

Maybe start with the Florida Real Estate Commission to see if there are any complaints on file.  

I think it will cost about $1000 to set up my LLC and than another $500 or more each year to renew the LLC and file its taxe returns.  

-They have backwards priorities -They are professionals and know they will get several more months out of the home even after you file for evection-They are simply bad with managing their money-Something changed in their lives and they can no longer afford to live there/ need to save money to get into the next place-They bit off more than they could chew initially (similar to being bad at managing money but more future budget related)The people that do pay are regular people who want a decent place to live and respect how the system works. 

I could put that amount toward the principal instead, right?

If the lender has filed a Notice of Action/Statement of Claim, the owner is noted in default, options are limited.I'll send you some options via PM.

It doesn't sound like you need the $80,000 principal or the income it could generate in the immediate future, right?

- Did you guys file Form 8832 to be taxed as S-corp.