This is standard procedure for most builders these days and is very helpful for communication, scheduling and budget.Remember its all about relationships and as the developer you are the leader so its up to you to provide clear direction in no uncertain terms exactly what you expect and when then measure that performance and hold the team accountable to the goal in a way that is positive and encourages the results you're after. 

They can't raise your taxes more than 3.00% due to Measure 50.

I know what it is at any given time, but I don't keep score...and I don't measure my returns based on percentages anyway. 

But that's not a goal.A goal should be SMART (specific, measurable, attainable, relevant and time-bound).

To help minimize water accidents in the future, I am interested measures in place now. 1. 

Isn't the right way to measure on the ROI?

The owner is willing to sell the LCC as 1 measure but there another way like transferring the properties between LLCs that won't trigger a reassessment? 

Try reading Frank Gallinelli's book on financial measures, or 'Duplexes, Triplexes and Quads.'

In the case of C-class, the management must be firm and fair...without proper stopgap measures to make sure that tenants pay, things can get away from you. 

In the deal, the property comes with an adjacent vacant lot measuring 0.45 acres.