This is just alSadr pumping his muscle and speaking out.We'd likely have had similar protests here in the US, but with the advent of the internet, people just protest via forums and blogs instead of hitting the streets.50,000 people on the street is much more impressive than 50,000 people expressing their views via the pen.

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.There is a case going on at this time filed in Collier County.

However  I wouldn't pay that as the yield is only 10.9% if they start paying again, plus run the risk he may declare BK. 

Last month, the city declared a "State of Emergency" where it plans to allocate part of a $100M fund towards housing and housing-related subsidies.OvercrowdingLos Angeles County has seven of the ten zip codes with the worst housing overcrowding in the nation and 64 zip codes that are in the worst half percent for housing overcrowding.Source: http://graphics.latimes.com/crowding-map/Rent ControlWe have an exorbitant amount of rent-controlled housing. 

Forget meetings, make the Estoppel a condition for closing.The tenants declare promises made to thempersonal propertyrents & deposits madeYou get no say in the replies, but understand the existing owner/tenant relationship.A good escrow agent should handle this for you.

He declared that it was a mistake (they purchased through a tax sale) but and he and his investors were not going to fix the home because the whole house would have to be moved .This is were I make my mistake I tell him my whole plan , it was to cut the house in half and elude the erosion and rebuild the home on the other side of the property, I gave him way to many details on how I would accomplish the mission.

The items that Tim Breems alludes to would be identified in the By-Laws and Declaration.

If you're looking for info on how to best declare bankruptcy it might be worth going :) http://www.forbes.com/sites/helaineolen/2012/10/10/rich-dad-poor-dad-bankrupt-dad/

I assume I will need to declare their payments as rental income even if I will not be making a profit from it.   

The homeowner is also required to complete an Owner Exemption Affidavit form declaring their ownership and that they live, or plan to live, in the home for a minimum of 12 months after project completion.