Rubs is ratio based utility bill split in case you haven’t heard. 

Based on your numbers above I cannot imagine any of this would be an issue however as your DTI should be fine, but no one can give you definitive answers without an application.2. and the last sentence of the above IS the way yo insure a smooth process.

If the contract included clauses about assignment and the ensuring processes like realtor showings and potential sale to an investor, and you signed this agreement, then legally, the company can proceed as outlines, even if the reality doesn't match your initial expectations. 

Our tenant found it out when reviewing the cashed check image on his bank's web site.

Their primary goal is to offload the property, not to hold onto it or get the best possible price.If you're considering making an offer on an REO property, it's advisable to approach it with a clear strategy:Research the Property: Understand the extent of repairs needed and estimate those costs accurately.Know the Market: Determine the after-repair value of the property to ensure your investment makes financial sense.Submit a Competitive Offer: Based on your research, submit an offer that is competitive but leaves room for the necessary renovations.

A good lender will tell your your best options based upon your deal design. 

I'll give my advise based on my understanding of the sitution so hopefully, I understand it correctly: You bought an investment property with a structure (house) on it but which also includes an additional .34 acre lot next to it which is included in the deed and you now want to SPLIT the undeveloped .34 acre from your property and sell it sepearately, do I have that correctly? 

That would mean part of the base fee.

Matches my long term appreciation goal that I think will happen and decent cash flow. 

Fresno was starved for inventory for some time, and new inventory has generally been matched with a corresponding uptick in net absorption.