Your gain is your sales price minus your purchase price, adjusted for closing costs and improvements.

If you’re going conventional on a second home, you might want to consider putting even more down and make sure that your debt to income ratio is <41%, and credit at or above 780, ideally, as the GSE’s just made changes to the Loan Level Pricing Adjustment (LLPA) just got even more expensive effective 05.01.2023 but most lenders will either incorporate this into their pricing or will then. 

The penalties seem harsh and I wonder if those will adjust, but they put in things for plumbing out, property damage etc

After talking to the city, we were advised to turn in drawings of as-is for permitting and adjust accordingly. 

Nothing stays the same in RE you adjust to market conditions.

These people who argue for collapse often point out things like: - Real Wages, adjusted for inflation, are going down over the decades.

Establish your objectives and adjust your investing plan accordingly.

This property likely will not appreciate faster than inflation which implies in inflation adjusted dollars there is no appreciation

Were it me, I'd start with just a legal-ezee sounding "cease and desist" letter, nicely requesting they adjust their camera on the basis of privacy concerns, and I'd be keeping all documentation in case it escalates.

However, I believe that the large infrastructure projects scheduled to be completed next year will adjust occupancies.