I do, however, agree that the claim that successful entrepreneurs have to be singularly focused or they are amateurs is without merit.

Also, I don't quite have the expertise to evaluate a deal on its own merits (beyond the reputation of the sponsor).

So the documentation does not hold any merit. 

Specifically, I have trouble convincing others of the merits of being paid in equity in the business instead of being paid in labor.

And the unit has many merits beyond its celebrity neighbor. 

Good ones know it affords them the flexibility of moving whenever their job or personal situation merits, and they won't have to breach a contract they signed to do it. 

But, this tactic may go against what your state law merits (big disclaimer: I'm not a lawyer/legal counsel and don't want to steer you wrong, but your biggest possibility of any type of recourse is that lease; I'd probably reach out to legal counsel to see if there's anything the landlord has done to violate this lease).

Collateral returned and 330 Audrea Ln stood on its on merit... 

For example, I know an investor working towards tearing down a building and constructing a 15ish unit building near Lake Merit.

People are weird ya never know.Tell him your kid or grand-kid needs a community merit badge and needs to complete a neighborly project ...