Fire in property - what are my options?

[Sharon Rolel]

Hello everyone,

Last month I was notified by management that one of my properties had a fire, probably started by tenant according to them and the police. I just received a healthy windfall for my troubles, and no one got hurt, so that's good.

What can I do with it? I was told fixing it up would be more than what I originally paid and I'm pretty sure I don't want to do that (wasn't seeing much income from this one anyway). Can I walk away somehow?

Thanks!