No modification or change in this Agreement shall be valid or binding upon the Parties unless in writing, executed by the Parties to be bound thereby.

Co-Owners shall have the right to approve the hiring of any property manager, the sale or other disposition of the property, any leases of a portion or all of the property, or the creation or modification of a blanket lien.

Secondly, re-defaults can be minimized when working with the right borrower, and structuring the modification the right way.

I did follow your link from another forum, and from reading this valuable information, I concluded I need to run things by my investor to come to some agreement on modifications that will need to be made for this contract.

You need to know if they will sell, about how much they are behind, when the sale date is, who the lender is, have they done a loan modification before, and many more things like that. 

The risk associated with financing almost necessitates a cash offer.  

Adding a person to the lease does not mean the rate changes but allows you to screen the person; but they are also adding a pet, which may necessitate more deposit and/or pet rent; the vaping is just a reminder for them to tell the child - NO. 

Are there any modifications to the written lease?

Hi @Justin Wroblewski, the only exception to the one year primary residence occupancy requirement that others brought up is if something came up that you could not have reasonably anticipating, necessitating your move. - Mom living in California just got diagnosed with Stage 4 brain cancer, and you want to be there with her for her final months, will work. - You decided you wanted to increase cashflow because you want to be a real estate investor, will not work.- Anything in between, best to check with a lawyer.

If this is someone with mobility issues you should try to accommodate since ADA might be applicable but in that case she would be obligated to pay for modification.