You just need to amend and give proper notice since you can change the lease every x days with proper notice.Or you can ask the tenant to sign a new lease with new clauses deposits terms and duesIf they disagree with the stipulations or the raises or additions deposits then you or  the tenant can give notice to vacateIf everyone pays on time and if you inspected and the units are clean you may want to rethink losing good tenants. 

We've determined that we would split all expenses/profit 50/50 with possible amendments based on additional risk an individual would have to take to secure financing. 

. § 33-1227(D) requires unanimous consent of all unit owners if an amendment changes “the uses to which any unit is restricted.

Here is the amended link: https://www.biggerpockets.com/calculators/shared/625572/b34b3bb4-97ce-43b1-a0f9-3924b70a828f

The difference is pretty substantial and I am planning on correcting the past 5 years of returns and submitting the amended returns to the IRS.I have not received any additional deduction to ordinary income during this time as I do not qualify (joint income is > $150k). 

So I am in the process of seeing if my contract can be amended to where I pay for the house and then the tax's later, or see if the city will give me a credit once I pay the full amount of the back taxes.

If there truly is a hardship then you have to decide what kind of workout if any you want to do in amending the lease terms.Dollar stores were a deal 3 to 4 years ago.

I would advise this be part of your organization to get your own spreadsheets, or, start with what others have developed in the file share and amend them to what works for you.Good luck.....

I do not submit an amended offer because that can be rejected and the deal is dead.  

That would make up half ($900) of the income shortfall ($1800).My lender's recommendation is that I amend my 2012 tax return to represent as income the three months I paid to the seller and pay the additional taxes on that amount (a negligible $383), as well as pay off a car loan ($6000 outstanding balance at 0.5%, that is free money I would rather NOT pay off with investment reserves).