To do else wise as an accountant can lead to loosing your licenses depending on the severity and motive (such as trying to close a big commission). 

If you want a sadly entertaining story about me frantically messaging the President, CEO, and CFO via Linked In on Christmas Eve because I was about to loose both my deposit and my house let me know. . .)From the inspection, I knew the house would need the big expenses of new plumbing and electrical.

I can't say for sure that they are bound to  FOIA as I'm no expert, just a former Gov't employee... 

If I inherit an existing tenant upon/if their lease renewal I'm bound to that percentage? 

One thing to note when looking at the individual markets, you can make or loose money in any market.

Working currently with a client who went down that path a few years ago and is now desperatly looking for a way out and trying to sell the vacant properties without loosing his shirt.

The hard knock is loosing the house.

Won't be long probably before he looses the house to foreclosure from the mortgage company or the taxing entities.If you think there is still equity....sell it and move on.

Its not like prices are rising and delaying the first purchase is loosing huge capital growth and profit right now.If you want to have a natter about the options and your goals and aspirations please do reach out and i'll endeavor to provide information and assistance where possible.Exciting times for you and don't forget; you only start making profit when you have invested, so don't take years deciding as its costing you.All the best,Charles

It never hurts to try, especially if you're okay with loosing the deal if the bank doesn't agree to renegotiate.