The lease and coverage questions above need answering first. Then put three simple scenarios side by side: retain at $1,319, retain at a compliant higher rent, or re-let near $1,625. For the last one, include plausible vacancy time, refurbishment, advertising and the possibility that the asking...
I’d treat the regulation issue differently from an ordinary expense. If the expected rent depends on a particular serviced or short-stay use, model what the unit earns under a conventional lease as well. A regulatory change may alter the whole operating model, not just shave a percentage from...