The details will be in the franchisee agreement.

My guess is we'll have to figure out an agreement with the cleaning team, but we'll obviously have to pay more to them.

Once you have a better idea of how the lenders would value it (by calling and talking to them) you have some talking points on how you can potentially negotiate the agreement.

I would like to partner with a financial partner for the down payment, but I am not very clear on how the terms of an agreement like this are set up. 

I help form companies as well as help my clients through asset purchase agreements and agreements to buy and sell LLC membership interests.

If you are a licensed agent I believe there is some type of specific agreement you can use in your listing agreement that breaks out what work you will do and how much of the upside the seller will get at closing - that will protect both of you.

I've contacted a lawyer about the agreement but haven't heard back.

The succession is to a manager named in a Living Trust that is a successor business LLC op agreement member.

3) Have him sign promissory note, deed of trust, loan agreement and a guaranty agreement.Since I'm making my decision based on just collateral, should I ask him to provide tax returns?

This property will be fully rented upon closing by tenants who already signed a rental agreement.