Equity split - This is more of a straightforward partnership where profits are divided based on the initial capital invested.

You just divide the monthly rent by the purchase price.

We also have a huge budget allowance from the city over the next few years to improve public transportation measures within the city.

Make sure they know you plan to publicly point out to the local newspapers, Mayor's Office, and anyone who will be campaigning against them, just how stupid and lazy they are. 

I post things for the general public to read for a deeper understanding not so much a reply to you

You get a Capitalization Rate (CAP Rate), which equals your annualized return by dividing the Net Operating Income (you had gross in your narrative) by the purchase price.

The PM advised a public adjuster assess the damage.

Maryland has more likely (but still long shot) criteria.But, it is not safe to assume you won't be sued since the US has about 30 million civil lawsuits pending as I type this.And, it is against public policy to insure intentional torts.

Your license is part of the public record, so sooner or later, your employer will find out if you're licensed.

Some lawyers will file ejectment lawsuits and ask for service by publication, but that is not allowed under the rules.