If there are notice requirements, it's often prudent to begin those steps as a precaution but if this is a tenant you believe will catch up once their employment payment freeze ends it's important to communicate your desire for the tenant to stay so they don't interpret the notice incorrectly or completely shut down on you. 

Investment Info:

Single-family residence other investment.

Cash invested: $389,000

Hi y'all! First successful DADU. Bought the main house back in November 2022. Rehabbed that & then built our DADU in...

Or, you could admit that you made a ridiculous claim, I provided verifiable data to discredit it, and that this entire odyssey was a completely unfounded witch-hunt. 

That’s pretty impressive, and to me, that’s the definition of good service.On the guest side, Airbnb often gives out coupons for future bookings, even if the guest wasn’t completely right in their claim.

Or the seller could file a claim to get it fixed - but this takes time so I would still want a price reduction I think you have to figure that when someone is selling a mid reno house that there definitely is a reason - why else would they stop mid reno?

We did something similar and rented it to friends and people we knew in order to do a test run and have them comment on what needs to be fixed or changed.You should be able to claim the entire year for both cost seg and depreciation.

I often see posts from Investors claiming they cannot obtain financing with the property titled to an LLC, but in actuality, they merely misunderstood they cannot get approval without a personal guarantee which requires credit check and review of personal financials.  

@Chase CalhounI completely agree.

It's also wise to at least notify your carrier but clarify you are not opening a claim at this time There's usually notice requirements, and you at least want to keep the door open. 

I completely get what you mean about lower-priced properties bringing higher risks.