If not a lot of equity then can still use it as down payment/reno costs2) Hard Money Lender - The one I use doesnt require you to put down cash but will put a second position lien on your personal residence as your "skin in the game" - So if you dont have a lot of cash this is a good way to go.

However it is our experience that the large majority of rent to own buyers only care about the monthly. 

the major difference is those investors entering the space ( rentals) are far more qualified and have far more skin in the game than in mid 2000's  this alone makes for a much stronger over all mortgage market.

I think you should raise it a little but be happy you have a tenant that loves where they are and takes care of the place.

Doing this with the tenant present shows them you care about the property, and gives them a heads up that if they cause any damage, you will be charging them for it.

- Because that person takes care of them, does business well, etc....

Don’t know why anyone would care.

I was just wondering what banks would think of my controlling the day-to-day of the property and a parter only being passively involved past the mortgage signature with no real skin in the game.

Be careful to make sure any IRA transactions done with him do not benefit you personally. . 

Money is the only motivator, remove it and you're likely to get people that stop caring.