When all parties of a  legal contract are aware it is violated that opens the door for future violations based on allowing the first violation. 

In the future, you can have your tenants add you as an “additional insured” on their policy.

I don't know why choose to stay in something that makes 8% so they can save taxes today that they are going to pay taxes on in the future (when they are in a higher bracket).

Wishing you the best on your real estate endeavors

Good luck on all your future REI ventures.

Aside from the looming economic correction, if you sell it in the future, depending on when, you'll be liable to capital gains tax.

Thanks,Congrats on your pending sales sounds like you have some exciting opportunities in your future.

I bought my first home last year and want to invest for the future with real estate is what i am gearing towards.

For future reference you should have estoppel forms filled out by current tenants as well as a clause in the contract that the owner will not make any changes to leases or admit new tenants after the contract is signed.You could check your insurance policy to see if pit bulls is against the policy in which case you could give them notice that it violates your insurance and they have 30 days to cure or move out.

Thanks and good look in your real estate endeavors :-).