We look at many properties in Houston and termites are never brought up by our clients unless there is obvious foul play caught by our inspections.  

It helps to be familiar with vendors too, my rule, ignore small unknown sources for maintenance receipts/charges as many play games, larger reputable companies will have more standardized pricing.If you can determine vacancies from lease files, good, but still be careful for leases that can't be verified by lease receipts/deposits.

I told them that I don't know I don't really play them.

It means you are playing on the court, not sitting in the stands.On the surface your numbers look great, but when I looked at your per unit cost your expenses seem very light.

Apparently my tenants children were playing outside with some other neighborhood kids and the neighbor came out yelling at them about playing with the rocks on their property.

My partners tells them to widen the playing field.  

Finance is not something you are going to structure, the structures all fall under law, in one way or another, you won't be able to "structure" anything that is not covered by law.Exceptions come into play with partners in a business entity, but you have to find those partners privately or seek legal advice in following exceptions and/or structured methods, such as crowdfunding or special provisions under the SEC Regulations. 

If you don't like the rules of the game, don't play the game.

If you start playing musical chairs with attorneys it can cost you as you will have to start anew each time which is tic toc ching ching if you know what I mean. 

Point is, sometimes they may not and they may both legs to stand on to get out of your nothing down contract, usual and customary is also at play.