This partner's experience and my assets and project plan would be the basis for loan approval.My Objective: How to structure this partnership in a way that allows me to retain maximum control and profit while providing just enough incentive to the partner to participate.

Did you waive objections to terminate?

Your post is all about emotions, feelings, personal likes and nothing about investing, goals, objectives.  

Account Closed - I would suggest being deliberate and objective with your market analysis. 

You need to compare your property against the competition and look at it objectively.  

Most foreigners who buy there do str but they basically buy for lifestyle and rent when they're not using the property, which as main objective to cover their costs rather than making much money.

We all have different objectives...........for COC I like 15 %+. 

Both house hacking and BRRR (Buy, Rehab, Rent, Refinance) are viable real estate investment techniques, and the decision between them is determined by your financial objectives, risk tolerance, and personal preferences.

It's safe to assume that some portion of the potential tenant pool may object to living next to an electrical substation.  

@Shirley LayerA number of variables, such as your tastes, long-term objectives, and financial status, will influence your choice.