Of course everyone thinks they were handing properties away 10, 20, 30 years ago but I assure it was just as difficult then if not more than today. 

It's a process, and I assure get some month's down the road of it and your going to be amazed at just how many things you did, and didn't notice, but now notice because that person is so dang busy doing it all and you have all this additional "free time" that never thought possible before. 

@Ana Nomys, I spoke with the company and they assured me I won't be charged extra for additional days.

Honesty is at the forefront of my values & I can assure you everything I do is inside the parameters of the law.

I did some research and the only thing i found was some barging basement title companies may not do a great job on assuring i have a clean title. 

We had to check the building set backs to assure we can get at least (3) car parked behind the setbacks.

This takes the liability off of you, and assures that you don't have to dump a ton of money into it, yet still gives you a little "mailbox money."  

There are other ways to mitigate assurance of payments by a sub-2 buyer.

Absent historical records of collections a vendor would assuredly include a minimum for themselves. 2. 

Also using a percentage of revenue is inherently flawed, I assure you that whoever you have doing your maintenance or improvements will not base their pricing on what you receive in rent.That said I understand that some we need to have some convenient way of budgeting for these expenses.