I hope some of the deficiencies you mentioned have been addressed.

It's the phase where you dig deep into the property, conduct inspections, and address any uncertainties.

I have remodeled the unit completely prior to putting it to rent, including addressing pre-movein readiness checklist I was given by RL after they walked through the unit (small list of punch items like toilet paper holder, cleaning unit, door stopper etc.).

The landlord is required to return the deposit and/or provide accounting within 30 days of moving out AND providing a forwarding address. 

From what I remember, they addressed all concerns such as insulation, insuring them, or anything else that might come up without relative problems.

I have the nolo press book, "California Landlord's Law Book: Rights and Responsibilities " but it doesn't address this specific  scenario.  

I've never done a partnership, but these are common issues that I don't often see addressed in contracts found online. 

Name, address, email, and phone number is all you need.Follow up with an email, as appropriate.

So when I say detail them out, have all their details, full name, address, phone, birthdate, personal info, etc.#4. 

.), the location, depth, and capacity of utilities to service the site - including public utilities (sanitary, storm and water services), franchised utilities (power, gas, cable), capacity of the local streets to accommodate additional traffic from your development...Be sure to find out if there are any specific local ordinances you need to satisfy (possible tree & wetland surveys, together with any necessary tree & landscape or wetland mitigation plans) and whether there are any concerns from municipal departments (e.g. hydrant locations from the fire department, storm inlet and retention requirements, as well as asphalt / concrete road requirements from the engineer), entrance requirements from the road commission (left turn and passing lanes at the site entrance), etc.Once you get past all this you can finally prepare a preliminary site plan and enter the political arena to get preliminary site plan approval, and to address any concessions the board and neighbors want from you to overcome their objections to your development.