If I'm just misunderstanding, then I think the master lease/option strategy mentioned above is probably worth exploring.

This gives no leeway for misunderstanding from the beginning of the relationship. 

It is human nature to misunderstand risks.

If I’m misunderstanding, what do you put aside % wise?

If someone just says "Cash Flow," they're leaving a big opening for mis-understanding.

This will help to avoid misunderstandings and conflicts in the future.Keep Detailed Records: Keeping detailed records of all transactions, rent payments, repairs, and maintenance is essential for tracking expenses and ensuring that everything is accounted for.Regular Maintenance and Upgrades: Regular maintenance and upgrades of your rental properties are important to keep them in good condition and attract high-quality tenants.Hire a Professional Property Manager: If managing your rental properties becomes too much to handle, consider hiring a professional property manager to take care of the day-to-day tasks.

Encouraging tenants to ask their questions helps prevent potential issues from arising due to misunderstandings.

It is a misunderstanding on your part and a miscommunication on my part.

Insurance also doesn’t protect you from misunderstandings, especially those made in writing and email.

Too few of pictures and updates runs the risk of slow work, low quality of work, or general misunderstanding of expectations.