Usually the first offense results in a cease and desist but the state COULD bring felony charges. 475.42 Violations and penalties.— (1) VIOLATIONS.— (a) A person may not operate as a broker or sales associate without being the holder of a valid and current active license therefor.

Smaller increases with each new lease signing, on perhaps an annual basis that you would be forthcoming with prior to them moving in would seem to be less offensive to potential tenants.   

Federally the first violation is $16k, $37,500 for a 2nd offense and $65k for a 3rd offense.Be warned, just because someone has a law degree, doesnt mean they know the law.

Would this make the lenders more likely to compete and offer lower interest rates or does this come across as offensive to other lenders?

@Anthony Broadus no offense, but have a real deal and you'll find real investors.

(No offense intended Scott) My point is made, now I’m off to buy more properties.

Who cares what the board thinks they would evict her too.No offense but everyone has told you to do this and you don't want to listen, there's no other easy solution JUST.DO.IT.

And I'm not just targeting any homeowner, but "old people" (75+; no offense to anyone reading this) who might be interested in moving down to where it's warm, anyway.  

No offense, but there is a conflict of interest there for me.

But there are also very $$$ areas (sometimes those areas are very close to each other)As to OP: dude, no offense but you're priced too high.