The leasing of renting of any Dwelling Unit of other occupancy of Dwelling Unit without concurrent occupancy by the Owner of such Dwelling Unit is limited to Twenty-Five Percent (25%) of the total Dwelling Units at any given time; So in short, the fine seems to reflect a short-term violation (which they cannot prove and I can disprove with my lease contracts) because they didn't have any fines specifically defined for rental cap lease violations in the rules and regulations. 

Glad it got dismissed Grant but I would ask you to reflect on why this kind of thing might happen.

Go change the locks, clean it up, and get it rented.In the meantime, reflect on what happened, review your state law, and build something into your lease or your policies and procedures that helps you through this if/when it happens again.Here's a start for Indiana: https://www.indybizlaw.com/lan...

Society is a REFLECTION of the peoples choices, a mirror does not make one move in any 1 way or the other, does it. 

The current rates set in, and we continue on our merry way with a new "normal" for Federal Funds rate for the next few years, and asset values reflect the new order. 

Note that if they have poor history or if a payment is missed, it would reflect on you as well.- If you don't think you would be buying in the next few months, opening another line of credit may be a good option. 

All the rental income/expenses reflect on your return as personal.

That sort of thing.I am not saying highly polished pro photos are dishonest, but they should reflect the actual place and not the shiny mods that make it look like a million bucks when it is more like 500k.My 2 cents.

Who knows if that reflects an entire trend.

In Hawaii, STR low cap rates reflect the high expectation for appreciation.