The broker can chose to terminate the contract or the seller can but even in this case many will still require payment if the home is sold during the timeframe the listing agreement outlines. 

Any reasonable MF broker knows the expectations outlined above. 

Is there a website that outlines development plans for the town?  

You would absolutely create legal docs that outline the expectations of the loan and the repayment.

of @Joshua Dorkin  I also think it is due to some lack of a plan (outline).

I am outlining this under the assumption that the owner is unaware of the problem, as the tenant is dealing directly with the management company, and the management company is telling the owner everything is "fine and dandy." 

Your blog outlined great qualities for an "investor friendly" agent.

If you're sent a guarantee agreement which outlines the amount of time effort needed to get a deal or your money back... is it really a guarantee if it has space for only my signature?

I’m totally new at this and I would really appreciate any advice or thoughts from you guys on this loose outline.

Your true goal is connected to your Why and you have to outline that before you can understand where you should be investing.