But I need to model it out more than just my napkin math.

Below are some items I’ve seen in teaming agreements.Ownership Interest: Clearly define the percentage of ownership each party has in the property.

There are many REI specialized accountants on this forum who provide bookkeeping and tax services, but all of us have different models of service, different approaches and different prices.

I find this hybrid model allows me more certainty about occupancy, and less work on turnovers, but I can still maximize profit. 

For me the cost of the descaling is not as impactful as another maintenance item.  

Either way we, in the simplified model, expect interest rates to lead to stagnant or falling prices.

@Eric Fernwood we have the same business model.

We are not chained to debt markets or what lenders want for our business model.   

Too many in your shoes focus all of their time and energy on preparing for the liability event and fail to address the items in their day to day business that can actually prevent liability exposure.

That page of the lease is what he sent me as my itemized list after move out as well.