I like to see where various state legislators go with this type of thing.  

I would have a problem with cigarette butts all over the place and I would tell the tenant in no uncertain terms that you expect it to be cleaned up.

From the article:A former Suffolk legislator, a Manhattan dominatrix and several other people were charged Wednesday in what Suffolk prosecutors said was a $50 million web of mortgage fraud that began in a Manhattan fetish club and ended with scores of pricey Southampton homes ownerless and in foreclosure.Article: http://www.newsday.com/news/local/crime/ny-liguld2612584998mar26,0,5408483.story :cool:

Vegas' recovery was largely due to their purchases at the time inventory shortages began due to new legislation back in 2011.

If demand is uncertain and you many have a couple months of vacancy, then accept it.Think of it this way, one month of vacancy would be more than a years worth of the $50 difference. 

@Joe Villeneuve can you provide a link to the legislation, specifically that Trump signed this repeal into law?

I am uncertain of how they will perform in such an event, so paying down debt is hedging my bets.

Then you'd be stuck with a parcel of land AND an illegal tiny house and be writing a horror-story post here for all of us to learn from.I'd say let someone else be the pioneer with the arrows in their back, and if later on when the city's legislation have finally addressed tiny houses in a comprehensive manner you can jump right on in.

During the last downturn there wasn't a lot of competition because it was VERY difficult to get financing and everyone was uncertain about job stability and where the bottom really was.

During the GRC they about terminated/called my loan, but my 5 yr reset and review was about 6 months before they completely 'lost their appetite for commercial assets in this uncertain regulatory environment.'