If my Property Tax goes up, I cannot raise my rent by that amount, rent and PT are mutually exclusive. 

Now, there are the additional requirements to legalize the take-over (hostile, notorious, actual and continuously exclusive) of ones property.

You know, just in case I forget.Will be harder to do since I will have to do out-of-state investing exclusively.

I nod...So then he pulls out an agent exclusivity agreement and wants me to sign it.  

Buyer wants to tear down the houses (no inspections or exclusions) and put in a extension to his business.

The bad part is the Borough Council members make $1200 a year to be on council and it is easy for them to agree with the activists then have their name destroyed in the local newspaper and blogs. 

There was an ad in the AM Newspaper (they give it out for free in NYC) then I applied and got it.

HI @Marcus Summa Any transfer of ownership will trigger reassessment in California (except for certain exclusions - and a subject-to sale is not one of those exclusions).  

You can offer to the seller a NON EXCLUSIVE OPTION TO PURCHASE agreement so you don't tie up the property.

And by exclusion from Section 126, subsection 11 it appears landlords can also get rent increases with no maximums for increases in municipal property taxes, municipals fees, or increased utility costs.The landlord can not charge you above the "Annual Guideline Increase" without first getting approval from the Landlord and Tenant Board.