If you can prove malicious intent by the tenant, you may be able to make a claim against your insurance.Consult with a lawyer, but if you proceed with legal action it is likely the only one to make money will be the lawyer.good luck 

I'd be interested in joining a class action lawsuit. 

The W Call St. property was purchased for $5,000 and sold for $15,000 the same day, producing a $10,000 profit.

Ask them:What credit score, debt-to-income, and reserves they like to see for house hacks or multi-family loans.What first-time buyer or local programs exist in your target area.How they treat projected rental income when calculating eligibility.That info gives you a clear goalpost — you’ll know exactly what to fix or build before next year.In the meantime, here is my advice and some actionable steps you can start on now:Pick a target market and study rents, prices, and zoning.

He strung us out for two years, at first evading our phone calls and then telling us story after story that didn't add up or make sense, finally claiming he was selling another piece of property and would give us proceeds out of that - never produced any purchase documents for the property - although was asked - and has now said another 'hostile" partner took all the money and he has nothing to pay us with.

I have 33 rentals producing enough cash flow to support me the rest of my life, but I enjoy my work and continue working.

Action: confirm it’s income‑producing, not your residence; verify real property status in your state and with your lender/insurer; have a cost‑seg pro model the deduction vs. your passive loss limits; and pressure‑test cash flow so the tax play isn’t carrying a weak asset.

Their arguments were # 1  that a NON EXISTING ENTITY cannot bring a collection action and # 2 well over 20 years of time had gone by with no attempts to collect on the Debt owed to the Mortgage and Note holder.  

There are several properties I have looked at this past month less than $650k that can produce over $100k in rent. 

Mine usually don’t produce much at all the first 2 or 3 years.