. • Followed by Terms of Sale, • Instrument to be Foreclosed, • Appointment of Substitute Trustee, • Obligation Secured, it says Deed of Trust or Contract Lien executed by (name), securing the payment of the indebtedness in the original principal amount of $XXX.XX, and obligations therein described including but not limited to the promissory note My questions is if the amount listed under the obligation secured is the minimum dollar amount to offer a seller in order to prevent the property to foreclose?

Regulations will prohibit you from certain tasks, which you seem to have named the main issues like discussing rent and executing leases. 

This was an excellent deal and your execution was flawless. 

Tax benefits by "staying the execution" so to say, over a longer period of time.

We both work full time in non-real estate professions (tech executive & physician) and are currently self-managing our properties.

What would instead be needed is a corporate or LLC resolution appointing an appropriate individual with capacity to execute and bind the entity.

For example, late rent- If you have a system for dealing with late rent payments that you have thought out in advance you won't have to make a decision each time it comes up; You will just execute your plan.

I will follow up with a letter showing the other side and encourage tenants to speak to the legislators to not impose destructive measures that will increase rent and make housing less available to the most vulnerable.  

You would have to execute perfectly to be able to do this.

If you're already moving on the replacement prop, you may need to ask to slow that process down while you execute a quick sale to your tenant, or you'll need to talk to your QI about a reverse 1031.