Can someone help me out understanding the full consequences of a cash out refi? 

@Carlos PenaYes, either buyer or seller can "change mind" after signing contract.However, contracts are legally binding so there are consequences if both parties don't agree to the change, usually financial penalties.Check with your local real estate attorney to know what the consequences are with your particular contract and whether it is worth your time and expense to enforce the contract as signed.

There is no doubt these sunset laws discriminate against minorities and low income folks who need the housing the most.We also saw the "law of unintended consequences" occur in these Parks. 

All of the heirs will receive the property at a stepped up basis so she should be able to sell her share immediately with no tax consequences. 

Have the repairs written into the purchase agreement with the consequences for the sell falling apart. 

I feel like many don't factor in the tax consequences of a flipping business and simply focus on their pre-tax profit.     

There has got to be some requirement of accepting help and working to solve problems whatever they are in exchange for the help,  and those who won't take the trade should move along and accept consequences for any illegal activity until they see fit to change their minds.What I don't get is that the city has a lot of surplus land -- and a lot of people with a lot of great ideas to quickly build a class of housing someplace between a glorified garden shed and a 200-300K or more per unit "affordable" housing complex.   

So you need to know what you are buying and what the consequences are.

I get they need to make their money to cover their expenses but don't always think of the person they are getting the home from and the consequences of it not closing for the seller.

Generally speaking, every 5 mile circle in the country represents a "market" for storage and what happens in one is of little consequence to the others (even those very nearby).