AS for lawyer contacting you unless they are going to do it on a retainer I cant see someone who is in default paying for this.

as the neighbor would retain some value in the land (easement for drain field) and the land is essentially un-developable, what is a fair price range?  

I would also include a link to this access story that's still playing out.Lac du Flambeau tribe won't lower payments for residents to access reservation properties (msn.com)--------------------I agree with Peter that once the claim is allowed you let the attorneys retained by the title insurer take over fully... getting yourself or your own attorney involved just increases the risk of screwing things up. 

The LLC cannot hold cash or "retained earnings" and any income must be passed on to the owners at the end of the year. 

However, as you stated, Memphis can vary significantly by street, so I recommend visiting the area personally and observe the specific streets and surroundings, or doing a zoom call with a trusted realtor who has physically been there. 

Speak to an attorney and have them on retainer.

How many tenants have the funds to pay a retainer fee to an attorney to handle the lawsuit?

Again, check to see if this is a "recommend" or "required" observation.

Selling is just not an option at this point in time due to wanting to retain a home in the area. 

If I find a good property manager I try to retain them for life…/