In their lease it says that their spots are outlined on the diagram and any additional vehicles or vehicles parked in spots other than their assigned one will be towed.

We decided to draw out line at 1-week based upon local regulation distinguishing between being a landlord and a hotelier. 

Usually, in multifamily I have a 5-10 year plan on the property outlining what we are doing with the property.

You really don't have anyone options, in my opinion, other than the ones you outlined.

Outline one hurdle at a time.For starters, think of probate as a title issue for you.

Any real estate instructor can give you a basic outline for any residential deal you might be interested in.

That looks like a sound plan you have outlined there.

Your states law will OUTLINE how the process CAN go to keep it the same between any/all banks, but ultimately the bank gets the final say on when they can/want to actually carry through the foreclosure process.

Instead of being responsible for drawing up something you are not familiar with why don't you explore outlining the terms and parameters of the finance structure and get an attorney involved to ensure it is done correctly?

This is possible, but you have to present the investment opportunity in a way which outlines how and when you will do this.