Think landlord would to ensure the quality of work. 

A real estate agent can help you navigate these legal aspects, ensuring that your interests are protected throughout the process.

A lot of humorous help in this thread, but the bit quoted here is dead-on for serious guidance.Require that all maintenance requests be in writing, and that they be sent to your office address / place of business so that the staff that you have dedicated to ensuring customer satisfaction can take care of such matters.That should limit things reported to you to the more serious issues, and that you seem to want brought to your attention anyway.Now, if she writes down the sorts of things that you mention she is happy to chat about, then your otherwise great tenant is likely going to be a long-term pain.

A preferred return is designed to ensure that capital investors receive a return on their money and encourages the manager to perform. 

So, in order to use some loophole, you need to be aware of the intent, what the law says, why it is there, ensure there is no harm or foul, isn't predatory and that you can exit from that situation quickly in the event any issue does arise.

That way, you can ensure things are in order before the property is yours.

We've found that the best thing we can do as PM's (outside of the basic PM responsibilities) is to ensure our incentives match up with the investors.

Obviously closer you can buy towards campus, and downtown EL, will ensure lower vacancy and command higher rents.  

I've seen articles for documentation to retain as a landlord, but I want to ensure I provide my tenants will all needed documentation as well. 

It's not all 100% clear to me how these deals are structured as ultimately you have to ensure the seller pays their lender with your monthly payments.