You might as well rent to a crack dealer or rapist.

All went to my 2.5k mortgage, drugs, doctors, therapy, 25k got conned by a "friend," the rest to the wife and lawyer.My father had the 800 loc for me in his name I cosigned, and he silently owned 25%.

Quick turning properties is a dealer activity and considered a trade or business if it is done with frequency.Better strategies for an IRA will be more passive, both in terms of your involvement making deals happen and in the type of income produced. 

No, because a) that might be their luxury/vice item for all I know, which is 100% fine if it's viewed as a luxury item that they just really personally enjoy and gain happiness from (it's much less harmful than other vices, like drugs or gambling!)

They are all drug addicts and the house was a complete dump.

This is a very serious grey area because technically your need to be a registered broker dealer to raise money for investments, but plenty of people do it without having it.

No adult on the SEC 8 lease can have a drug or felony conviction.

His lease was ended because of doing drugs and being loud and disruptive to the other tenants.

He is in and out of jail, homeless, on drugs, doesn't have a job, no phone, etc.

The required security deposit/move-in fee of $2795.00 breaks down as follows:Non-refundable administrative fee of $100.00--I get kind of like the $299 dealer doc fee a car dealership charges(Isn't that a part of business expense?)