And my wife is super afraid of me investing and afraid of what will happen if something happens to me and I get hit by a bus. 

Could me ------- He refinanced and walked with cashHe couldn't abate the housing violationsCouldn't take city housing codesHe was feed up trying to collectrent from professional tenantsHe is being suedNose candy issueDrinking issueSick of management, baby sitting, going to rent courtGambling, needs to leave townDeceasedOwning units is a JOB, you need to know how to deal with tenants, management, accounting, legal, evictions, abuse and all the other great things about units.

I've rented to more than one that were abusing prescription meds.

HUD is full of fraud, waste, and abuse and could use a little whip cracking.

I wouldn't include it as part of the rent as people have a way of abusing it.

This is reminiscent of a domestic abuse situation.

I'd love to work with a handshake however, I have obligation to my broker and to myself to do my best to provide documentation against those that abuse our good work.

I'll start.....PRO'sGuaranteed on-time rents every month.Higher rental rates (in some areas)Annual inspections (to identify if tenant is abusing property)CON'sRenters have a entitlement attitude.High risk tenants that may damage your property.Section 8 bureaucracy

Then of course they promise you support (a person on the phone reading a script), contacts with "nationwide lenders", a bus trip to the local HD/Lowes, ..blah, blah, blah.

On paper it sounds like the developer wants to use and abuse your time and energy.