This amount is into the 6 figure range meaning that I will need to come out of pocket with an amount greater than my initial investment in the building in the event a major earthquake would destroy the building.

Hi Yong,I'm an investor, also living out of province like yourself.

I'm with @Huong Luu but would add join a local REIA and find some PMLs they are always hanging out at meetings.

I'm trying to see what are my options as to how could I structure a deal for the renovation of this project and the potential partnership when it’s completed .

And, know this: what you don't know will hurt you. 

You need to figure out what your market is for mid term.

(Maybe I missed something here with this one). 3) The app is TERRIBLE.

Hello,Not sure if this is the right place for this question (if not, please let me know and I will correctly post).I currently rent out 2 homes.

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

How much of this is covered in your management contract?