Check it out and see what it's about before it gets too out of control on here. 

Could also rent it out, controlled by an agreed upon third party that distributes equal pay to each party, and hopefully could also pay the mortgage out of rental proceeds so neither of you are on the hook.

If you do not know how to control money well, adding more to your bank account will only create new problems.

Quote from @Wilson Pereira De Oliveira: I didn't know about this rent control limits in Berkeley.

Imputed expenses are important because they will be included as Operating Expenses when a lender appraiser does its appraisal, and also when the lender calculates its Debt Service Coverage Ratio.Regarding pest control, it's not just monthly roach spraying.

Yes, I would contact the pest control company and demand they pay the cost of repairing this.

Quote from @Yemisi Dinkins: As a property owner, I would never sign a Master Lease because I would give up control of the property so someone else could profit from it.

In CA currently only MF properties are rent controlled.

They want to have tight control of which team is introduced to work with and do not allow sharing of info among members.

Accept whoever applies" is an idea that would cost you a bucket of money in the long run.Bankruptcy is usually a "no" unless it appears to be a one-time event caused by something out of their control such as a massive medical bill or a business failure.