And yes, I used the TREC contract, it's assignable and is the best if not the most legal option.

Definitely don't want to under rent.Also consider if saving that money you would be putting to extra principal, and reinvesting in other properties.

I had the foresight to put these signs up when we bought the cabin and think this definitely minimized the possibility of any legal action.

The common legal reasons to not renew the tenant are to move in family or to do a rehab large enough that tenant cannot live in the unit.  

That’s if you want to analyze COC returns.Those replacements will definitely add more than $ for $.

That's a definite NO. 

The process is certainly legal, but the articles have been implying that there may have been some title fraud going on to expedite the process (even in cases where the property was legally acquired). 

Columbus is definitely a hot market for investing!

The value of the property will definitely be more valuable if you convert it into a legal duplex, but you must also consider the area of the property.

Depending on the outcome it might be tough to get licensing for legally renting out.