Start off with Politoed. Politoed is quite bulky, and Encore allows free switch ins and allows it to be a clutch answer to set-up sweepers. Also it has Drizzle.
Now a Swift Swimmer, cause they're just so strongkth. Only one is used, or else your team is going to be too restricted and you honestly don't need more than one. Specs Kingdra is chosen over Kabutops, Omastar, Seismitoad, etc. for various reasons. Scald is used because even with low BP, it still hits hard as shit, and the burns allow other things to more safely switch in and deters D-Nite and Gyarados from setting up on it. It's a very scary pokemon and a very reliable win condition, which also provides some defensive synergy and it can wear down its counters because it does so much damage to everything.
Immediately I want to add a Fairy to cover Kingdra's dragon weakness and protect from Latis and D-Nite when locked into a water move. One that can really punish a free switch in. Azumarill is chosen. Its rain-boosted waterfalls hit hard as hell, especially at +6 (though I personally prefer CB set. With Super Power. Because Ferrothorn must die.)
Kingdra only has two weaknesses so I might as well cover the second one. This is one reason why Kingdra is chosen; really simple to build around, Dragon+Fairy+Grass/Poison. Amoonguss is SO GOOD. It takes care of a lot of opposing water types, i.e. Azumarill, Keldeo, Rotom-W, etc. and some misc. stuff like Breloom, Mega Manectric and some Aegislash. Spore is also really annoying and can give a free switch in. To top it off, it's really hard to wear down because of Regenerator, so it can switch in to that stuff multiple times. It is, however, 2HKOed by CB Rain-boosted Azu's Waterfall, and Specs Rain-boosted Keldeo's Hydro Pump. This is another reason why Kingdra is used: it quad resists water, and can take those moves with relative ease.
Mega Ampharos is now added. It counters Talonflame, it provides another electric resist, and it can painlessly switch into Keldeo's Specs HP Flying. It benefits from hazing Azumarill+Amoonguss on the team in the same way Kingdra does. And in Rain, it can use Thunder, and STAB Thunder off of 165 base SpA really stings+it causes Paralysis. I use an agility set, as it is a capable sweeper and it also eases prediction (as both of its STABs have a type immunity.) It really sucks when you have to use Thunder outside of rain. Imagine having Focus Shit as your main STAB move. Also sheep has to use Focus Shit because it gives perfect coverage with its STABS. Sheep doesn't like taking offensive Venu's Sludge Bomb though. It 2HKOs after SR, while Sheep can't even 2HKO (I couldn't fit in Hazards on this team.) This is another reason Kingdra is used: Specs Draco Meteor does a buttload to Mega Venusaur, and Dragon Pulse really stings, too.
Now Assault Vest Tornadus-T. It punishes/deters Scarfed Erfquakes against Sheep, it checks Pinsir, it counters Mega Venusaur, it trolls Chansey with Knock Off (Chansey can't take Kingdra's Specs+Rain Water attacks, nor can it take Sheep's Focus Blast, without its Eviolite,) it checks T-Tar with Focus Blast, Keldeo hates it (but Specs+Rain Hydro Pump OHKOs you so stick with Amoonguss to switch in,) and like Amoognuss it's hard to wear down because of Regenerator. It also handles Lando-I, which is downright incredible. It can also depend on Amoonguss and Sheep to take electric attacks. It's really good on many kinds of teams and people need to use it more. It, too, depends on a 70% accurate move as its STAB when outside of Rain. And Focus Blast. Or you can drop Focus Blast, have other teammates handle T-Tar, and run Heat Wave.
Unlike offensive teams, Politoed is the only source of rain, so I may want to stick Rest on it (I can drop Perish Song when BP teams are nerfed, though it is useful in some occasions.) This is because I didn't want to use a suicide lead on a balanced team, and because I only had one mon (Kingdra) who was very dependent on Rain. Thunder and Hurricane are annoying outside of Rain but Tornadus has better things to be doing than spamming Hurricane, and Sheep has Dragon Pulse. Tornadus was going to be a Rain Dancer but then I learned its AV set is so fucking good, and it really is fucking good.