I've outlined the key points of my analysis below; I would appreciate any and all feedback/advice!

Operating agreements are essentially contracts between the members of LLCs outlining the structure of the business, including - for our purposes - the business’s tax structure.

But I understand from folks who do use long-term leases that the best practice is to have a "break lease" clause that clearly outlines the terms in the event the tenant or the landlord wants to break the lease.

I just copy and paste the same response (outlining that I’ll do a background check, call their previous landlords, verify their income) to everyone who inquires so I don’t waste my time.

In those cases, I mail a letter outlining our conversation and extending the lease on a MTM basis until a certain date, etc.In the past, I've simply sent out a letter outlining the renewal terms, and whether or not there is an increase or such.

Is there a good book or itinerary tout there on this that can outline it for me and the daily activities I need to be doing that will get me to where I want to be?

It's generally best to keep it simple and outline the payment amount and frequency.

I provided my attorney with the terms and issues that I believed to be important in addition to some other sample contracts that I liked the outline of.

If so they should be guiding you what ever agreements they have with the seller/ buyer should outline how they are getting paid.

Fair equity split is 50/50.Upon sale, you get paid back your principal first, he gets paid back his construction costs, and then you split the rest.Of course all of this should be run through an attorney to get everything outlined in a contract.