From a bank standpoint, they will have a clear picture of who owns what and has what degree of liability;  however, all of the investors will have to produce tax returns and documents to the bank to show they are credit worthy. 

I came into the picture when his initial partner fell through.

So really, as far as I can tell what's most important is that they have good references, you can see their past work, and they have an insurance policy covering them and anyone they hire.

And if you get a warranty it wont cover going over.

Is there a basic form I can use that would cover all of that?

and that would cover grass cutting in the summer and a certain amount of their time on a monthly basis if I needed them to let in/supervise the plumber or handyman. 

When I sent in the picture of the new p-trap, they said by the way you have 2 days to change out out the supply line.

An additional $150 for 6 months for me would not cover an additional month of vacancy. 

I can definitely see how that island looks super weird from the picture I posted. 

Need more info as to what exactly will the $130k will cover that the $86k will not.And the raising the rents *over market value*?