There are some BP folks that will be leveraged and if nationwide eviction holds occur long term can be destroyed.

Nothing destroys mortgage wealth like a two year court case, where lender is paying the R.E. taxes.   

Generally, the only time a building is required to get a Certificate Of Occupancy is when a new building is constructed, when an existing building is converted from commercial to residential and maybe after an existing residential building has been deemed to be unsafe by a government agency after the building is destroyed by an earthquake, fire, flood, chemical spill, or sewer waste spill.

In many of these states taxes are high, which will destroy your profits if you have a vacancy.  

The HALA upzone that just occurred is going to destroy single family homes in the city, as is the proposed change limiting new homes to less than 2500sq ft; seattle is pro homeless and anti family now.Per your comment on the area around the Duwamish, it is insane that the city won’t upzone Sodo.

They get an eviction and you get your place destroyed.

Tenants can destroy it. 

They are destroying his house and he can’t do anything about it.

You will have turnover and repairs that tenants destroyed but that is part of the business.

It eventually destroys the capacity of the giver to continue giving, and it eventually destroys the self-esteem and work ethic of the receiver.