Getting stuck up in litigation doesn't sound fun or cheap.On the other hand, if you can prove she hangs out with a drug dealer, I'm sure the TX Bar Association would love to hear about it...

If there's significant damage, you can expect to come out of pocket to a significant degree.  20-year siding that's ten years old would likely be depreciated by 50%, and new siding would be bought with today's prices.Although I'm an insurance guy, I am personally a huge fan of public adjusters.  

I am currently finishing my associates degree at Utah State University GO AGGIES!!

@Louis Leone We use Cap 8%+, c/c 12%+, and dcr 1.6%+ to determine a good deal.Are you active in the local REIA's and landlord association meetings?

Search for REIA (real estate investors association) There is a National REIA which may refer you to something local.

If market rent did not increase with the increase in the property's appreciation then a refinance may reduce your cash flow and, by association, your cash on cash return.In this scenario, it may be prudent to sell the property to extract the tied up 173K in equity and accept that you've made 273% profit on your original 46K down payment.  

The Atlanta Real Estate Investors Association (REIA) is a great place to network and get to know different players in the real estate game.

In a simple statement, there is no reason a Lease Option Contract would disqualify you from a future mortgage, if you can afford the future mortgage.To some degree, it sounds like both are wrong.  

Consequently, if the seller would like to receive a reasonable asking price (along with the with limited fees associated with lease options, etc), they may have to sacrifice owning a primary residence until the option to buy their property is exercised.  

I would highly recommend hiring a member of the National Association of Residential Property Managers (NARPM®)Check out this link for professional members in your area:http://www.narpm.org/search/search-managers.html?