The contract doesn't outline the process for termination at this early stage though, again, it's my lesson to learn, I will be wiser and more careful about this the next time I sign a contract with any PM!

I'm exploring options within the financial contingency outlined in my contract.

@Aaron S.Your friend is correct unless there was a warranty - and most warranties are for a year with exception of structural warranties that may be outlined by state law / building code.Sorry you have to endure this.

I am working on an outline to provide to the graphic designer and need some help focusing in on the information and style to present to accomplish my main objectives with the packet.

There are other variables, so I would talk to an estate planner.The most likely contender for the scenario, as you outline it, is a lease option to you.

This document outlines the ownership and operation of the LLC.

Consider a Lease Addendum: If the tenant is willing to comply but you want to formalize the arrangement, consider adding an addendum to the lease that outlines guest policies and consequences for violations.

We may have an out lined up. 

This California State Legislative code outlines which encumberances will survive a tax auction (see below in italics), and I want to make sure that a Deed of Trust with Assignment of Rents does not fit into any of these categories.

In Texas, We have to send the tenants a notice of deposit transfer outlining what the deposit is and who it is going to.