I understand the less supply means higher prices in housing but that statement only works itself out if there are buyers and those are drying up quickly.

There are a few ways to skin the cat.  1 is a prepayment of rent (not 1031 eligible). 

He was inquiring on whether he is able to end the lease, sub lease, and or pay a portion of the remaining lease.Off the bat I would say ending the lease cut and dry is not an option.

I, along with all other owners, once had to pay a special assessment of $33k for dry rot work on the exteriors of all the units.Like the previous person stated, it's possible they don't have the funds or are being frugal which is good.

When notified the selling agent said he will put down some quick dry and a bucket, but I believe this needs to be monitored more closely if it is not properly fixed. 

Some cheaper companies will still use the felt paper, but there are much better products available nowadays...that old felt paper will dry up after a decade and be basically worthless.

The government handout money has made its way through the system now and the consumer is drying up.

Is the land high and dry?

If we lose that because my brother moves in upstairs and they stop paying, we'll be underwater when savings runs dry.

This would give them some skin in the game and would lower your outlay.