It would cause me to do some deep diving into specific stats to try and reveal the general story.

@Patrick Braswell I only had limited real estate experience (actually bad real estate experience, two apartment buildings lost in a lawsuit with the other partner and a SFH that got destroyed by tenants causing me to give up for 24 years).

. +30% vacancy for 24 months, caused by two evictions, one unit on market for 7 months, and the two new properties taking 1 year in renovations instead of 4 month estimate (~$30k of lost income above assumption of 10%)2. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.

Any experience and/or thoughts on the "notice" "cease and desist" "causing extreme distress."

If you're living there and you plan on living there for a little bit but I don't see what the harm is in it especially if you want it. 

And with the interest rates we're seeing these days, It's doubtful that you can get a superior enough return on a purchase with a refinance to offset the decreased performance on your old property caused by the refinance.But what is attractive about 1 and 2 is that there is no debt. 

The investor pool here is non-existent cause it's arguably the worst RTP(no pun intended) of any relatively big or known area. 

This has caused an 18% decrease in "asking" rental rates since March of this year.

That used to be a thing a few years ago and it caused so many issues for STR renters and landlords that landlords started putting clauses in their leases specifically not allowing STRs. 

@Stuart Udis I think that's a valid point, but in my state, I don't typically see any harm in forming an empty shell Management Co to deal with third parties, given that the filing fee is relatively low, approximately $350.