The state legal climate is only one reason, there is not much upside here for anyone who cares about income or sustainability.I have been up to Rochester and your area.

I can't see a reason for doing anything besides splitting the costs in accordance with your ownership percentage.Percentage to save for capex varies based on age, climate, style of building, etc.

If there are climate controlled units then you might have some HVAC maintenance costs, but that's about it.

It's VERY important actually, as you'll glean from what's below...IMHO, if you own property close enough to the Pacific Ocean to enjoy any of the coastal climate that we enjoy, unless it's the absolute last option, don't sell for a loss. 

A warmer climate will accelerate this. 

In addition, the buildings are not climate controlled, so I was thinking of adding a climate control system to some of the buildings.

Anything sitting for 200 days has issues in this climate.

I'm in Phoenix and warm climate markets do well with these depending on the city and what attracts them there.

Always keep your ear to the ground on political climate changes re: str's.

So yes, non-recourse loan is a must to keep the sharks from totally devouring you.More important than asset Class or Type is investing in an area with a diverse, robust economy and a reasonably mild climate.