I would do a cash-out refinance after the rehab to re-coop my monetary input for the remodel, and then sell the property.

The penalty for not promptly responding, just for a couple of extra hundred dollars in proceeding to the next stage of default, far outweighs any small monetary gain.

For example, if your partner is already a successful real estate investor, then maybe they will bring due diligence experience, mentorship for you, qualifications for a loan, relationships with realtors, contractors, lenders, title companies, insurance agents, etc.Then your value, for example, will be to search for the right property, manage the rehab, screen, quality, and lease to tenants, and property management.And you each bring whatever monetary capital you have for the deal.

Sure the PM was responsible for inspections but that is unlikely to result in any monetary compensation.

Some of those needs will not have a monetary value to them.Now, let's go to the loan part of PRIMARY homes - you get the best rate! 

If it is only monetary things to clear title it shouldn't be that difficult.

Failure to do so will result in monetary Penalties.”

Non monetary changes to the lease are mostly forbidden unless deemed not substantial (very vague).  

The thing to remember is that Judges get to make the decision on enforceability and they are likely to consider the equability of the trade of rights for the offer of monetary gains.Many major operators in Michigan learned the error of their ways via the courts and an expensive lesson it was. 

Appraisals with Realtors involved (purchase transactions) come in consistently higher, in part, because at this stage in the game, wise Realtors know that if they spoon-feed the appraiser the data they need to do their jobs for them, that helps the appraiser get the job done faster, which amounts to the same thing as a bribe (in terms of $ per hour of work, this is "here I'll save you a few hours"), without being a direct monetary bribe or running afoul of the law.