Ask your lender about it, and if they dismiss or downplay it, you may be working with someone who isn't compliant-ready or prepared for this global change. 

If you're bad with your personal finances (please don't take offense, this is just a hypothetical) and the $11k per year is probably close to all you'll be able to save, then I think you might need to restructure your budgets and increase your savings (I assume this isn't the case, you're on BP and looking to invest.  

No offense to the elderly (and I'm 64 years old myself) but dad doesn't seem like he's playing with all his marbles here.Unless you like drama, rent to the couple.Gail

While the banks may require you to sign a contract saying you won't do it, and while they may even require you to agree to a deed restriction on the property, violating the contract is not a criminal offense, and as such, won't expose anyone to "criminal penalty."

Seems to me like it is serving its purpose.As for losing Advertisers, if someone won't advertise because they think the promo is offensive, then I'm not going to miss them.

Some lenders would let you refi if your global cash flow can support the debt but that requires income from multiple sources (w2 income, other rentals, etc).

After that, there is the opportunity to play 'offense' which means looking for deals at cut rate prices.

@Chris Williams No offense but you contradict yourself.

I think it would be best if you could be debt free within the next year or two, then that would allow you to save more cash and go on the offense and now try to bring in some cash flow which would go right to your pocket.

Increasing your portfolio increases your income (offense) and paying down/off rentals reduces your debt exposure and your debt : income ratio (defense).