In general, I cannot imagine you lease has language specifically excluding sale of property from renewal talk, AND even if it did you are not selling mid lease. 

No one is excluded from this.  

Make sure you exclude certain breeds.

It's perfectly legal and it's actually your job to discriminate against anyone else you don't want to rent to, which normally includes people who don't appear able to pay the rent or get along with their neighbors.But, there is no law against you saying you only want a cetain type of tenant, as long as it doesn't exclude someone on the protected class list.

B class apartments (exclude movement from owner to renter because there is also renter to owner).

The list of excluded items are so extensive that judgement are very rarely collected. 

They EXCLUDED all Section 8 payments (logic being those are always paid on time anyhow, so they were excluded). 100% of my landlord friends (and me) have 100% collections here in Northern Colorado.

-Business pays income tax on whatever is left after that, which excludes the $80K.Does this makes sense? 

I wouldn't exclude Austin and the surrounding areas simply simply because the further away from home your project is, the more work it will be. 

Foremost lists specific breeds that are excluded.