So where is the catch?

Am I in trouble if they do catch inconsistencies from year to year?

I highly doubt they will catch up and pay any late fee on top.

Let me break it down for you:Why Bay City is catching my eye: Incredibly Affordable Entry: Average home prices around $70,000-$80,000.

I truly want to help good renters out where/when I can.What is considered a reasonable amount of time for an increase (would be 10% increase), w/o putting my self in a position of trying to catch up to market rents at some point in the future.

It might depend on the language of the rules they pass (and whether they catch that you sold it). 

They see a snake and try to catch it, and get bit.

The catch is that, if the place does not get the zoning inspectors approval, it has to  

Right now (Q3 2024) everything seems overbanked/overbought.Currently, my focus has been purposely broad but currently split between: A) SF business (wholesaling/rehab) I was asked to take over (on almost no notice – am still badly catching up) and B) Small balance MF and mobile/manufactured housing (<~50-100 units for physical/operational value add)I have made some progress on each but not where I would like to be although I have just recently gotten involved in the sub-institutional space again.

Robots catching robots.