It's a good reminder that the value of our efforts can go beyond us, and that real estate can provide permanent income.   

I talked briefly with LendingHome today and they offer cash for purchase & rehab, with option to convert into permanent financing if we decide to hold as rental.  

Assuming that the developer will, in addition to developing the Project will also be the same entity that will be putting up the total equity, the value of your land will be equal to the land value divided by Total Equity.For Example:Total Project Cost       $10,000,000Less Project Loan      -$  7,000,000Total Project Equity    $ 3,000,000Total Land Value         $ 1,000,000% Land earns in Project = 30% ($1,000,000/$3,000,000)It is important to understand that the landowner will need to contribute its land to the partnership and subordinate its entire $1,000,000 value to the construction and permanent loans that are created to build, own and operate the Project. 

Streets must either be devoted to public use and maintenance, or private streets protected by permanent recorded Easements.The remaining economic life, as determined by the appraisal, must be greater than or equal to the term of the proposed mortgage.

I hadn't really considered the longer term, though still not permanent, rental option.  

I don't know if you plan on making this as your permanent residence or simply use it as a rental.

Why should you have to spend time doing a temporary repair to hold them until you do a permanent repair with your own time for their negligence?

Cover it up, the wall is stabilized, in most cases it is considered a permanent fix, most contractors use I-beams with a 3 1/2" web so a 2X4 can sit next to it, I have installed beams, and have much experience with these, as long as there doesnt appear to have additional movement, (sometimes stabilized walls will move the house around in severe situations)then I see no issue with putting rock over it, just use Basement board, dont have the drywall contact the concrete floor, leave a gap, and cover it with trim, the rock will wick up any moisture.

It just came across as very shoddy - rather than having stickers or nice little plaques to label the apartment numbers on the doors, they were drawn on with permanent marker...   

Both companies say this type erosion is common here (North Dallas Area) and bag walls are a permanent solution.FYI - house was built in '84, shop in '04.