On the other hand $24K would be ridiculously high. 

Any updates on how to proceed with this ridiculous law?

So it would seem if the ratio is variable based on rental rates, that comparing rent to price is a ridiculous filter since you need a different ratio for each rental rate.

I tend to be fairly generous with my tenants, especially long term tenants but this is kind of ridiculous unless they requested it and you agreed in advance.

I want to keep the property but also know that this ridiculous HOA isn't going away and even if they move/move on, someone else will just buy it since I can't afford to buy them out right now.

I don't even mind paying ridiculous interest rates as I understand this is a big ask.

They have to be tweaked on a regular bases and most of the time it is due to it throwing out some crazy high ridiculous prices for some dates.

I get a copy of everyones driver's license.Hotels don't need you to sign some ridiculous rental agreement.

There have been so many studies on rent control it's ridiculous.

I see plenty in Dallas County that have 10-20 years of back taxes before they go to auction at ridiculous minimum bids.