Unless there was some type of fraud in creating the lease.

You can use Globiflow (included with the Podio Premium tier) in conjunction with your email server to send emails.http://www.globiflow.com/help/action-send-an-email...Globiflow is also commonly used to create & send PDFs (for offers or other documents). 

Or since you know one is leaving soon, you could just create 2 leases (one for each).But you need to see that the one remaining longer has the income to support paying rent on their own as a solo tenant.

Curious if maybe your phone has the capability to create a 360 tour?

My question is if I want to use these funds (the cash received = appraisal * 80% minus outstanding loan balance) to purchase property for personal use (primary residence), if that creates a taxable event?

Someone could buy on contract and run down business, create further potential environmental liabilities, fail to make payments, and the market could decline.

I agree, none of the big players that I have ever met (or any of our clients) created wealth through cash flow, that’s antiquated.

This will create a Tenancy in Common that gives each of you a 50% ownership in the property. 

This wiring is rated to 60C cannot handle the level of heat created my many modern (pre LED) fixtures ... most notably pot lights and halogen fixtures.  

When the professor establishes a long term NNN lease with the old tired landlord, the landlord retain "fee simple" interest, and the professor creates an "equitable interest".