Obviously there are many more details of the deal that would have to be fleshed out before we decided on using this as a buy/hold.

@Bill Gulley @Rich HupperA little diversionary word fun for a Sunday morning.While the roots are ultimately in latin (mortuus), mortgage comes to English from Old French, mort gage (literal translation: dead pledge)  - the name arises from the fact that the deal dies when either the debt is paid or payment fails.  

An appraiser will give your property the same value with dead grass, no grass, or sod.

Plus, the fire department found that several windows in our house are painted shut and one of our smoke detectors has a dead battery.This post and its title is a reminder to all of the landlords on BiggerPockets, especially third-party property managers, that we are responsible for owners' property and tenants' lives.  

You've got your down to the seller plus your rehab costs all "dead money".

Kitchen cabinets are pretty gross... a lot of stains, dust, dead bugs... property manager recommends demolishing and completely replacing due to sanitary reasons... is that really necessary? 

@Malik Welch this lead is dead.

I know I brought this post back from the dead and the info I'm getting from it is likely outdated, but I saw you mentioned,"I use DM.

I'm going to post what I find here so other landlords can handle conversion, trespass of chattel and abandonment of property disputes they have with dead-beat tenants in California.

(The low battery alarm on smoke detectors typically lasts for seven days, so in theory the tenant could be away and miss the low battery alarm, then assume that the detectors were working when in fact the batteries are dead).