So it may appear some are not following the rules of that neighborhood, but in reality some of them may be operating within their rights. 

One of our markets has a cap on the number of STR licenses with a huge waiting list and very few licenses changing hands over the last few years, so that doesn’t appear to be an option for us in the short run. 

You can certainly add some interest to this balance, let's assume 5% interest only, then he will have to pay additional $2625 which is equivalent 5 extra months of payment.

Do I need to be represented by a lawyer before appearing before the judge for this matter?

For the properties you've acquired at $350K each with a $50K down payment and seller financing at 6%, you've already built equity equivalent to your down payments plus any principal payments made since closing.

You’re going to have a legal local lease made up, research the local laws, make sure you don’t even appear to discriminate, figure how/where to advertise, do background checks and so on.

I tell everybody I wish I had known about all the benefits and flexibility years ago when I started real estate investing.I'm not entirely clear on your post if that's what you were asking about but that's what it appears like to me.Happy to help answer any questions you might have!

Until a new "Robinhood" appeared (it could be zillow or homes.com), there would be not much earthquake.

The project in THIS THREAD appears to be one of Kent Ritter's projects.

The property is unique in that it is two separate buildings that both appear residential.