A tenant can pay rent late without consequences in certain scenarios, trash the place, or refuse to move and the landlord has to deal with that.

As a consequence, I tend to force appreciation in any event.

Also tax consequences.

@Eduard Gibert RenartBecause on a note you are getting principal and interest back and it’s hard to reinvest a very low payment.What you are also missing is the tax consequences in these situations which can have major impactsI did a post on this In tax liens advising where 8% is far better than 10% and illustrated this example.

Fraud is a crime, they are consequences for committing it and it's not a question of IF, but WHEN.

You basically divulge your  “sin” by trying to claim it and then you can be subject to the consequences that may come by having left it off the transaction.  

When you found violations, did you document them in writing, give the tenant a deadline for correction, inspect to verify compliance, and use consequences for continued violations?

You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck.

As an architect I think it was a blow to our income potential and had some other negative consequences, but as a consumer, it brought fees down and did not really reduce the headcount going into the profession.

I challenged them during the class that they were promoting very deceptive practices with potentially material financial consequences and they quickly shot me down saying it was just "salesmanship" and you have to get started somewhere.