It's an unusually style that is in really poor condition and we would like to save it it.

However I'm uncertain as to what to do with all the stuff that is in the apartment.  

There is a lack of inventory for the properties that are luxury because of some uncertainity in the market and the richer don't want to spend right now.

It is not about cash flow.As for appreciation that is uncertain and I can see the day when there may be a mass exodus out hi-rise windows when the markets turn.

A Realtor is not necessary to close a transaction, but for newbies, they are often helpful to have engaged in the process as they can flag unusual items in the sales agreement.Is the seller using a standard sales agreement or do they have something they made up or pulled off the internet?   

(government imposed lending rules) You think 50 LTV across the portfolio is good to shoot for in uncertain times?

I have had a three tenants contact me about making partial payments on the first but all will pay in full on or before the 15th due to unusual expenses or reduced hours from the stay-at-home order.

Unless you suspect that your tenants are capable of the disciplined financial commitment of controlling their spending and saving up their income to put a down payment on a house, the tedious paperwork and financial self-examination necessary to get a loan, and the confidence to sign on the dotted line and assume the uncertain responsibility of owning a home.The sad fact is, however, that most C-class tenants of my acquaintance struggle with these things unreasonably.

So then my offer was not enough to cover his HELOC, which he assumed would be 'forgiven', even though he did not even tell his mortgage company he was getting it.)I would think it would be very unusual for a mortgage holder to consider a short sale offer that included assignment, and no ability for the potential buyer to close. 

I don't agree with this, but I really don't see the value in an unusually long lease either.