Well....should you invest in a city where the people elected a woman with foreclosures, liens, judgements, garnishments, ethical violations from the state ethics board,  misused a city credit card, went three years arrears on her federal taxes all while yelling for other people to pay "  their fair share, " left skeletonized dead bodies hanging over Canal St for months on end covered only by a tarp until the wind blew it off to reveal to our horror her blatant disrespect for human dignity?

As noted above, an Irrevocable Trust is used at times to get around the Federal Estate Tax legally, which is currently only applicable on Estates valued over 12 million dollars.

I imagine it is all just on for now especially since all government backed loan defaults are a full stop too. 

Now it used to be if you got a job with the government and could count on a fat pension then life could be good and with a few rentals excellent.

The focus of government policy (regardless of how local) should be on addressing fundamental friction.

I am happy to talk smart contracts, governance and funding though. 

First step would be to talk to the controlling government body about what you can do with it.

Quote from @Gerald Jarreau: Is there a government agency that will need to certify the rental as mold free?

You are unlikely to get caught and the city governements don't really care.

Absolutely if you're going to operate alone on your money, IMO.I never took a guru course of any course outside institutional, government or college in any aspect of finance.