I will have to let the numbers guide this sale.I also sent off the extension amendment to the owner last night for another 10 business days so we will see if he is willing to budge on this.  

Years later the act was amended to form Fannie Mae.

Have to amend my previous statement a bit.

What follows is a specific example:New contract-for-deed legislation passed in the last session of the Minnesota Legislature empowers consumers to make more informed home purchase decisions, requiring disclosures by certain “serial” contract-for-deed sellers and amending the injunction statute as regards cancellation of contracts for deed.The 2013 Minnesota legislature has passed a new contract-for-deed disclosure statute applicable to sellers who frequently sell residential real estate on contracts for deed.

I will buy the LLC and transfer the entity using the Texas amendment (Form 424), In the amendment we will relinquish the current owner's membership interests and to my partner and I. 2. 

We will buy the LLC and transfer the entity using the Texas amendment (Form 424) and file it with teh state. 

In order to permit tenants to adjust to the possibility of unregulated rents, and to address the potential for abuse of the owner-occupancy exemption by landlords who are motivated to move into a property to gain an exemption just to increase rent and not to reside in the property, this exemption should not take effect for one year after the amendment to This chapter exempting these rental units is adopted, or one year after the landlord begins owner-occupancy, whichever is later.I'm not sure you answered my specific question, but you have brought the above paragraph to my attention which looks like it directly applies to me NOW being exempt from Oakland's rent control and the "Just Cause for Eviction Ordinance" since I moved back in and Owner occupy one of the two units.

This would be expected since the law did not set out to amend or alter those definitions nor inferences based on those concepts.

I'm evicting a holdover tenant in California and running into issues/concerns with CA Civil Code 1962 (and amended by AB 1953).

Amend lease to reflect the new property conditions and the new rent and have them sign and date.3) Request politely that they not use profanity, say you hear that they are upset by the change but unfortunately your hands are tied, and in response to any threats calmly assure them that "Pay rent or quit notice" will be served following the lease guidelines if they do not pay rent.Not legal advice, but that is how I would handle.I would also probably look at selling this property down the road unless the cash flow is really good.