You are suggesting people spend money on a bankruptcy lawyer, and a retainer to keep one from what it sounds like, to help manage debt? 

*Thereafter, for being the first point of contact, I would retain 10% of the lease money per month.

@Nam TrangThe inspectorI don’t think there is a negative to removing it.If you are doing a long term rental, it will drop leaves on gutters and roof retaining moisture, causing mildew, and clogs, eventually riots will become and issue, although with a crawl space foundation, that’s probably easier to live with/work with.If you are doing a flip, it looks awful and future owner will be worried about the above.

Andriy:If have not already retained counsel on this matter, I'm sure one of my partners at our firm can assist.  

I could break even on this whole situation and walk away.Followed by #2 because I would retain the asset and it will cash flow soon, but I'll end up leaving that $89k in it for a long time since I used the cash-out refi to pay off other debts rather than roll my HELOC money forward to the next property.Followed by #4 because I would get out of this whole situation fast but at the risk of having up to an $89k HELOC with nothing to show for it.Of note, I do have another property with $160k of accessible equity in it.

He wants us to build wealth and retain equity as we are “bringing the loan”, but he is bringing the cash.  

Tax reform should focus on attracting and retaining businesses while ensuring a fair distribution of the tax burden. 

#2 is a bust IMO.IF you are going to sell your current cash-flowing property then don't double curse yourself by paying a bunch of taxes on the sale.Instead, I'd consider doing a cash-out refinance and retaining the apartment (assuming it would still cashflow after the new debt) and then taking that cash and buying new assets.IF it would be a negative carry situation after the refinance OR there is another prevailing reason to get rid of the apartment, then a 1031 exchange into either a new and better asset OR a DST would be the next best move I think.

The only person with whom I had contact with the authority to communicate or negotiate anything on the landlord’s behalf was their locally retained law firm, after an unlawful detainer and collection action was filed.

Signatures: Ensure both parties sign and date the contract, and make sure you each retain a copy for your records.While you can find templates online, it's advisable to consult with a local attorney experienced in real estate contracts to create a document that complies with your state's laws and addresses your specific project's needs.