. -- Unincorporated counties -- historically, the more conservative, skeptical-of-regulation type of government bodies -- have clamped down.

I care about collections, not just bodies in the building.

I have some experience doing this and I reacted when I heard that 99% of agents don't know what seller financing is. 

These developers are reacting to the market trend that, particularly in Washington D.C., there is a much lower vacancy in Prime office space, which CBRE predicts that trend will continue with vacancy levels being below pre-pandemic for Prime space by 2027 (Source)Many people who work in the D.C. metro will still be able to work hybrid or fully remote due to the nature of their jobs or company incentives.

You have fixed cost so it is better to get some bodies in there so you can get market rent later. 

Which governing body determines these requirements?

The local/ state etc (governing body) may not just "give you" one.

.- Bigger area rug. 9x12 for King, 8x10 for QueenBedroom 2- Change location of TV to across the bedBedroom 3- This bedroom needs an optimized layout-If it’ll fit, scrap the bunk bed and do 2 twin beds along window wall with a table in betweenBathroom 1 & 2- Wall mounted blow dryer- Wall mounted body wash. shampoo, conditioner dispenserPatio- Scrap mini golf for fire pit seating for 6- Install canopy shade- Better design for photo-op wallOverall, great property, great location.

I than thought it was tenants, all the "what if's"; what-if they have a fire, what-if there is a shooting, dead body, drug raid, break-in, squatters, feces art, etc etc etc.....   

Quote from @Tyler Kesling: Thanks for the insight @Randall Alan on how current owners and markets might react to the ease on rates.