All you do in wholesaling is facilitate a sale, just as a Realtor does, you don't add any more value to what is already established in the industry for that type of service.This is also how law suits get started!

There are lots of sharks in REI and lawsuits can be tedious time-wasters.I can also see some potential SEC issues with frequently selling and liquidating temporary Memberships inside the same entity.

He threatened every lawsuit he could imagine to change the subject from the rent he owed me to how I somehow owed him instead.  

IMO, if a good attorney could find a pattern of this fraud it could open them up to quite the lawsuit.

Complete with a first floor in law suite with a private entrance for my father.

When it comes to a business being run out of the unit, you need to put an end to it right away, it the contract and actually verbally notifying the tenants, just because it is in the rental agreement even if someone falls that rental paperwork will not stop a lawyer from filing a lawsuit against you.And finally in response to the lawn cutting,  you can ask the tenant to take on the responsibility and discuss with them some kind of compensation if they are interested in doing the work. 

This is why I don't partner with just anyone off the street, and if I do partner, there are provisions made to avoid this issue up front because eventually partnerships get to this point.Unless he agrees or you buy him out, you can't walk away with the company name, strategy and operation from another owner, if you just bail and go out doing the same thing, well, that's what starts law suits.

These do not have to be specific to Georgia.Criminal background checks are getting more difficult to do online since there's now such a focus on more rights for those with a previous criminal history in terms of being able to find rental properties.We check our local Marshal's online listings (they are the ones who handle notices in regards to lawsuits, including the dispossessory process in Georgia) for the two counties around us.  

But sounds like LLC and / or living trust provides better protection in the event of a law suit.  

My plan is to purchase a house with an in-law suite (or a basement with the roof height to convert to an in-law suite), live in the suite, and rent the top.