Your contract should have simply stated, or been amended to say, it was contingent upon the state mandated right of first refusal to applicable tenants.  

I implemented this strategy after getting hosed for $1500 water bill b/c: 1) tenant knew water company wouldn't turn off the water (they amended this strategy in 2014) and 2) property manager wasn't following up with all payments.If you're a Detroit investor, call DWSD's landlord unit, and they can email you the forms so you can give tenants hardcopies the day they sign the lease.

I scrubbed the comps and knew them well-- when a final price reduction came that was 10-15pct above FMV I made an offer at full list thinking the home would not appraise, and they would amend the purchase agreement when the appraisal came up short.

And in this scenariio the agent had a deal under contract and wouldn't even put in the 10minutes of work to submit an amended offer sheet. 

What a waste of time.Here is the language from the summary of the bill:Seller Finance Regulation Reduction Act - Amends the S.A.F.E.

I get it, I like it.Except that we have one significant expense in CA that cannot go up beyond a certain low amount each year without a full blown amendment to our state constitution: property taxes, thanks to Prop 13.In California, how do folks account for the fact that one large fixed expense is virtually guaranteed NOT to go up as fast as rents go up when applying the 50% rule?

He just submitted an amended budget shortly after I agreed to the original one.

Do you feel like I should amend the contract and add or remove anything to it?

how can I word and amendment to the MFA without signing a whole new one?

We can use that as a baseline to amend different spits and sharing arrangements in future posts.