Damage in individual bedrooms is easy enough, but you won't know who left that huge hole in the wall in the living room.

If you used an assignable contract...it is incredibly easy to view that as a net listing.

Some people don't like ready law or legalese, but I've found in Texas it is very easy to read and understand.   

You could try and charge a % of profits, but how easy would it be for them to operate either under the table or at a "loss" to avoid that.So if it were me, i'd look at doing a lesser amount to start and phrase it as a benefit to them to help them get their business off the ground with an excerpt to reevaluate after a year.

I started using it for my personal finances, but find it really helpful and easy for my business too. 

Thus, the units were super clean and was easy to manage.  

Not very easy to do that living in California. 

It’s pretty easy to figure out the price the materials these days, leaving you to decide on their markup and labor rate.Jay

Preferably the easy valley?

Can rent it out easy for $1,000+/mo thanks to the strong rental demand of local economy.