So the property is under the city's nose right now.

Could have just leveraged his personal home or borrowed it from Jimmy the Nose or stole it over the weekend...I hate to be so blunt, but c'mon. 

Also, if any maintenance issues come up from your unit that may affect other units (problems with shared plumbing, noise, etc.) the HOA sticks it's nose into the matter. 

@thomas @Thomas S. yes, your nose is on to something.

The nose bleeding high barrier of entry in our market is to keep the losers out, or shall I say to send people OOS.

They could nose dive again within a year and thats fine if they do, we can pick up some more.

Neither does having a headache, a stuffy nose, etc. 

I left a box of tissues in the room I am Airbnbing for my guests in case they get sniffles during the night. 

My guess is that at best, you've got a valid exchange going but you're going to pay through the nose to have the process done and documented correctly so you can rely on it.  

Originally posted by Akaara:I would rather pay higher property taxes and higher mortgage than pay the federal government.Think about it, you are saying you would rather cut your nose to spite the government.