You might want to address child safety.

There were a few things that I am going to change going forward however, one thing that I wanted to implement was hiring someone who can visit the site weekly and report back to me if there are any problems or items that should be addressed. 

There's a couple of questions you didn't ask too and I'll address those too. 

You can only address normal wear and tear.

@Bryan Weiss I'm gonna message you to get the address and everything.

However, I don't see where in section 121 it would address the situation I presented (which is based on the premise that co-ownership was already established and there is now an increase in one party's ownership...). 

It will allow you to type in the property address, and there you will get the owners name and address where you can contact them via letter.

.- Move Out Bonus Contract (If tenant meets all criteria at move out, I give them a bonus / rent refund for a good move out)Security Deposits: In Chicago, the landlord must disclose the name and address of the bank where the tenant’s security deposit is held using an interest bearing account.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Talk to an accountant or experienced deal maker in your area, and never disclose the person's name or property address, this is REI after all.