This would be expected since the law did not set out to amend or alter those definitions nor inferences based on those concepts.

I see that you're in California; do you happen to have any recommendations for a CPA thoroughly familiar with the code regarding real estate transactions?

It may or may not offer limited liability as provided for in the agreement.An agreement isn't necessary as much as a settlement statement showing the assignment fee that must be accounted for as under tax code and real estate settlement procedures, the settlement agent will generally take care of this as an expense paid out of closing if not paid at settlement.Any contract is assigned by endorsement, much like you endorse a check over to another payee.

I'm evicting a holdover tenant in California and running into issues/concerns with CA Civil Code 1962 (and amended by AB 1953).

However, the city code states that not more than 4 unrelated people can live in one unit.I have looked at the matrix for the zoning, unless I wanted to do something more commercial there is not any money to be made.

To me that's code for bottom of the heap, lowest quality.

Absentee owners, tax defaults, code violations, pre foreclosure and mail to everyone on it.

Here the City can lien the property for code violation (not getting a permit).

Actually, it could make sense as I have never seen a local govt here actually foreclose for a code violation lien.

Insurance is way to high and keep in mind current owner probably has a homestead exemption on taxes so your tax bill will go up.I would stay away from lease to own in TX:Lease-purchases, lease-options, and contracts for deed present serious burdens and risks to sellers under Texas Property Code 5.061 et seq. relating to "executory contracts" – i.e., contracts that remain essentially unfinished for a period of longer than 180 days.