I only own single families and duplex, so legitimately don't know if it is standard practice to list things like fitness facilities and pool as part of the lease agreement.If it is not listed, and simply an implied benefit to his lease, then there is no reason to reduce rent. 

I want to post a Notice to Quit or a Demand of Possession, but I'm afraid that will imply we have a tenant-landlord relationship.

I'm trying to do the same thing and wondering if you could imply certain benefits and features in your ads? 

The necessary elements are: an express or implied agreement; a common purpose that the group intends to carry out; shared profits and losses; and each member’s equal voice in controlling the project.

This thread implies that's not an option.

A discount would imply something is priced lower than its value.

Don't feel bad, this is exactly why 80% of borrowers mis-state their income.Your math implies that there are 4 weeks in a month.If there were 4 weeks in a month, and 12 months in a year, that would imply 48 weeks a year.But there are 52 weeks a year, because there are not EXACTLY 4 weeks (28 days) in any month, excluding February.The instructor is correct, that's the exact math I did in 2 seconds when I read the question. 14.50/hr times 30 hours a week times 52 weeks divided by 12 months.In practice, this is unlikely to be the actual number that an actual underwriter would use.

When you do a Wrap it implies that title is now in your name even though there is an outstanding mortgage in someone else's name.

Under the forecast I built, the 4-plexes at $5.9M in year 10 imply a cap rate of 2.9%.

This implies that there may be some opportunities that I could have made a little return that I ended up passing on because of my conservative numbers.As for the original question, Are you planning on refinancing it to extract the value back out?