My tenant wants to break lease to move to a lower rental.

I am also on summer break so Im moving back to Austin for 9 weeks.

When he disclosed to the property management company that his dryer wasn't working (and never has actually worked), they directed him to the part of the lease that he signed(The fact that he signed it without reading is a different story, don't even get me started on that one haha Im going to have that conversation with him later) that says "All appliances in the home are property of the owner however MAY NOT BE RELIABLE and do not come at the cost of the lesser(owner)" It then went on to say that if they break, the tenant should nicely store them away in the garage where "kids and animals cant get to them."

When you say he is on the paper work ... you mean you used his credit and finacials to qualify for the loan.. and he is as stated an owner of record.If you can't work it out.. a mediation service may work well for you.. your not the first one to go through this stuff.. you also may be deem married in common law.. depending on your state so the break up would be handled just like you were married. 

I am a business major at a local university in the Seattle area looking to break into the real estate industry as soon as I graduate in 2017.

. :)Having said that, while stating your goal is great I would highly recommend you break that goal down into much smaller pieces so you are able to track your progress (i.e.

Whats to stop a developer/sponsor from selling the property to himself or another entity controlled by him, at a loss or at break even price?

We have no idea whether this is something that should break the deal...Best,Elise & Tim

I'm using your numbers, but I'd rather break even in 6 years than lose 20k today.

A fire could break out and take everything out, maybe a tornado?