Explain to him that it's going to be foreclosed and lost.

Local governments could only regulate the rentals in the same way as other properties in neighborhoods, a restriction that cities and counties oppose.The House Commerce Committee on Thursday approved the proposal (HB 1011), with Democrats objecting that decisions about vacation rentals – which have sparked backlash from some homeowners who complain about raucous parties, parking issues and a steady stream of strangers in neighborhoods – are best left up to local officials.Despite the objections of local government officials, House and Senate leaders brought together a host of affected parties, including Realtors®, hotel operators and advertising platforms, to strike a deal that has eluded the Legislature for years.

You should be asking your lender what they will refi the property for and you should definitely explain the situation as I am not fully aware of how lenders look at refinancing land contracts.Hope that helped a little bit!

I did get with an attorney- and they did explain to me of everything above in this post that was explained.

It's a bit too long to explain here and BP doesn't allow that kid of post anyway.So, You can click through to my profile for more details. https://www.biggerpockets.com/users/MikeM500 

You should have your attorney explain this to you, you do have one representing you right?

This is how I would explain it to your tenants, if they have any issues, as this is a fact that cannot be disputed.

It's difficult enough to explain to a common homeowner in a way that assures they know what they're getting into, not anger the lender, ensure you get an end-buyer that pays reliably, and keep the whole house of cards up until getting out of the deal.

Hopefully this helps you see the deal more objectively and provides you with different options to consider for an exit strategy

That could explain the bull's interest in your yard.