I have the outline of a plan in place and would love to hear some feedback from the people in these forums who have the experience, and started where I'm at now.

Let me try to answer some of your questions.First, you should begin by outlining your goals.

The percentages you have outlined for capex are too vague.

Will I need to go to an attorney to have them draw up papers that outline the agreed upon loan terms?  

Look for violations outlined in your lease and keep hammering those....at best you can find enough to warrant eviction, but by the time you do that, it will be close to the lease being up and then don't renew.You won't change this behavior...at best you lessen the issue until you kick them to the curb......

Success is an individual thing measured by individual metrics.The wealth-building procedure you describe is the one outlined in The Automatic Millionaire by David Bach.

They outlined the process.

Once you approve them as a tenant, contingent on SEC 8 rent approval, the tenant will give you a package of paperwork to complete that outlines enough info about your unit that will allow the case worker to determine 1) if you are asking a "reasonable" rent and 2) if the rent plus utilities is "affordable" for the tenant based on the tenant's current income.

We denied request and outlined reasons why - listing dates of communication and current dangerous state of apartment.

If you google Landlords Inc you can find their site, we can't post links and from there you can read the ordinance and their FAQs that outline what they think it will look like.