I don’t know a your specific codes but if wetlands are present on the property, there are setbacks and other rules to follow which could make some lots lose their value.

If your city transforms into a city full of transient residents, you lose your community.

You will lose this opportunity if you wait to long. 

An eviction is going to cost you a good bit of money and time... have you considered buying the tenant out and/or cutting your loses? 

Temporarily you can use it to cover the old cedar but screwing it into flaking cedar shakes is not going to last the buggers. five pound bag of cayenne pepper- sprinkle all around the structure (this deterrent is temporary).

It is scary because you can lose a LOT of money.

highly risky to borrow money to do this.. what happens when the flip flops and you lose 50k ????

Ultimately we in the real estate market are benefited by people not losing their homes in mass quantities.

I would lose the pet fee since they no longer have a pet.  

REMEMBER, so many pound the drum of how great MFH is BECAUSE of the amplification affect from it being many units in 1, guess what, that sword cut's booth ways!