This has only fueled the fire even more to get involved, particularly buy n hold passive income properties (would entertain flip to seed income for more rentals) which leads me back to my beginning question. 

Normal wear and tear is covered by the lease, however excessive damage is not.

Not sure exactly how this is handled in a Subject To, when you refi under your name b/c the old mortgage and if there is an escrow account, it's possible that any excess funds at payoff may be refunded to the original mortgagee and not you!

Let sit for a little while then sponge away the excess and peel off.

For home residence, I certainly prefer gas stove (with dual fuel oven).

Job Diversity - make sure there are multiple industries fueling the jobs in the market so if one goes down the others can pick up the slack.3.

Hi Gary, if the pump failed on it's own I would pay the increased energy bill.I don't know where Your from but in Wisconsin the electric/gas bills have a "Degree Days" number on the back of the bill, this number would make it easy to figure the actual increase in fuel used for the month in question this year, and the same month last year, when the pump was working.

Or in the near future you sell the property for more than $120,000 to pay the mortgage and also profit any excess of $120,000.

Gas leaks, fuel runs leak.

Many lenders, including myself are not going to even try to distinguish between residential homestead and residential investment property - we are just going to stick with commercial property where the borrower can't later move in and have his attorney claim we made a non conforming consumer loan.Casualty of excessive Government interference in the market.