Landlords can play a role by recognizing this and helping those worthy of a second chance find good housing.

Negotiate harder, come up with more creative terms or wait, but don't soften your resolve- you will learn and be better prepared to recognize a great deal when you see one. 

It's the idea of working on your business and not in your business (I recognize this isn't plausible for every landlord). 

Will banks and title companies recognize it?

In any action or legal proceeding to enforce any part of this Agreement, the prevailing party [ ] will not/ [ ] will recover reasonable attorneys’ fees and court costs.However, they recommend against including the attorney fees clause in the lease for various reasons (in CA, courts don't recognize the one-way attorneys' fees contract provision, tenant's lawyers can take advantage of included attorney's clauses in contract to get paid, etc).

I've never seen a claim for less than $30,000, but that's in my state.1/6 interest is a foot in the door, but not the whole enchilada.The real estate agent, wholesaler or investor must recognize when opportunities don't fit their criteria and are better off referring to a local expert with experience so you both make money.

This type of structure is not recognized in every state in the United States.

We've done what we can to make this work, but recognize the data will not be comprehensive.We'd love to hear how the traffic is coming!

Is the county recognized as the first lien holder and city as the second lien hold since they are both forms of taxes, just different bodies?

In an LLC entity it is the LLC that recognizes the gain and subsequent tax from taking the boot to buyout the investors.