Because of where we are in the cycle, I'll typically write my offerings with a ten year hold, but the strategy of "buy, reposition, and watch for the optimal exit" does not change.

Your CPA  is correct - here in the US we do not write up any appreciation of our assets. 

All maintenance is done by tenant, if not just write it in your lease. land leases in my area are 200-275 per acre.

If so then all adults must be on the lease which means you need to do an addendum to the lease or write a new lease. 

Assuming you own them under your own name, your accounting should be the same thing - the only difference being they are going to be reported directly on your return as opposed to doing a return for an llc and then having the bottom line number (i.e. profit or loss) flow through to your personal return.You can write off depreciation, mortgage interest, property taxes, repairs, etc.

Is it acceptable for them to write a check to be deposited?

can anyone give advice on writing up a contract if you want to wholesale something

If its been stated in writing from the tenant that the tenant has MOVED OUT, not planning to but actually has, toss what's left out.

How do I write this up for my friend/family money?

2. do they write Builders Risk policies for Renovations?