Let's not forget that only a few years ago the economy was in the trash with a collapsed housing market, and a lot of that uncertainty is still hanging around causing a continued fear of home buying.  

To me it is a depreciable asset ;-) Turning a ceiling fan on or off should not burn it out, but if you put in a cheap or contractor grade unit then it may cause problems.

I'd be really interested to see how these investments last once you factor in a longer time horizon, allowing for theft and bad tenets to do damage...A house that cost only $50,000 that brings in $300/m sounds great, but...

We were wondering if we can change the 203K loan to a conventional loan, or if that would change the contract, and cause the house to go back on the market.  

Would doing a refi out of the hard money loan cause me to have to put another 20-30% down or would it be based on the appraised price?

Some negative effects include a stronger dollar further damaging already crippled emerging market economies, increasing the deficit due to higher interest on our massive debt, and damaging a fairly fragile housing recovery (we are still building far below what we did in 2007).  

Did you send written notice of the violation and a reminder that it is cause for eviction?

You can quitclaim to the LLC, but the damage to your intent is already done :sigh:

FHA loans are pure brain damage. 

@Daniel JonesI could see how a clogged vent would cause damage to the dryer, and therefore make you responsible for the damage. regardless of this fact, what does the lease say about such situations?