If you are concerned about water damage, you can buy higher quality laminate that can withstand moisture for 24 hours without any damage.  

Would you sell at market value and get the approx $70K in equity, or let is cash flow until depreciation is exhausted? 

I have no problem with trying anything & everything in the beginning but I don't want to waste time if there are more productive ways without exhausting so much time.

The guests on each episode have really helped me learn so much more than if I just spent my evenings, exhausted, reading articles online. 

If those don't work then look for a Hard Money lender the will lend based on the strength of the deal and not necessarily on the strength of the borrower.If you have exhausted all of your options I would be willing to lend if the deal was solid.Cheers!

be sure to have it laid out in the operating agreement how issues will be resolved between partners and how the partnership will be dissolved in the event a resolution can't be found.This is not an exhaustive list, but some things to think about.And in simple terms, how would taxes work if we make an LLC?

(If the furnace has the two PVC pipes for inlet air and exhaust, then it probably has a water drain.) 

I am just curious how you got a 170K home for 40K.I am new down here, and not well connected, but i havent seen any types of deals like that in my months and months of exhausting searching.Nice work!

It seems like there is lack of consensus on the risk level of New Madrid fault line .Most of my SF rentals were built in 60s to 70s and my impression is that the homes were not designed to withstand a magnitude 6.x or 7.x?   

Of course, I also like to preface it with prior communications if possible (because it really can make the next 6 mos awkward) but they seem to not regard the landlord-tenant relationship with respect by their repeat behavior, and  it sounds like you have exhausted this line of rational, patient and understanding communication.