Are there any verbal agreements or arrangements between the current Landlord and Tenant?

I agree that certain things need to be functional before move in or arrangements made.

Property is arranged as a detached 1 bed/bath unit and a duplex: 2 bed/bath owner's unit & a vacant mirror unit.Rehab #1 was the other half of the duplex: 2 bed | 2 bath, 1,180 sq ftRehab #2 was the detached SFR: 1 bed | 1 bath, 900 sq ft What made you interested in investing in this type of deal?

There are a few places where this isn't the case, so check your local laws.Tell the tenants that you will be there and you will let the contractor in so they don't need to arrange it around their schedule.

I can think of a few people who may be interested in your live-in mgr arrangement.

We just split a property now, we only own a pretty basic single family home at the moment on more trust and handshake for the time-being, but I know as I want to leverage his cash and ask for more, he is going to want to have things laid out in more detail that make him more comfortable with the arrangement. 

Plus, there will be no property management fees, and he will even provide free labor to update the efficiency (as approved).We've discussed that the unit would have to be easily convertible back to a LTR should he leave.My question to the BP community is this: Is there anything else (beyond what I've mentioned and the standard needs for leases) I should be considering when drawing up a lease for this arrangement? 

In that arrangement, you keep the same tax-sheltered benefits of the Roth IRA, but just open up the possibility of the Roth investing in a syndication or note. 

Are there any verbal agreements or arrangements between the current Landlord and Tenant?

Other legal arrangements I need to take care of before I get started?