However; after only 10 days of owning it, someone decided to burn it down - or atleast half of it.

Their son burned their house and the insurance company moved them into a hotel.

Bought a property for $100kHeld it for a few years, depreciated down to $80kCurrent value $150kIt burned down completely, with no insuranceHow much you can deduct?

I was burned by a company called "Duval Homes" that rented my property to a tenant who did not pay for 4 months and did damage in thousands of dollars, looking for another company.Thanks a lot!

I was burned by a company called Duval Homes that rented my property to a tenant who did not pay 4 months and did damage in thousands of dollars, looking for another company.Thanks!

I self manage most of my SFRs and I don't know multis that well but I know of a lot of investors that have gotten burned in Ogden with druggie tenants, high turnover and expensive maintenance on OLD homes. 

However, my current business doesn't pour off enough capital to really be able to get a start there, and I'm getting burned out on it after 11 years. 

So I can pay cash for the next deal and get out from under interest payments, or do I keep them as a slow burn, unfortunately I'm kind of tapped out while I have these two places, and any other house purchasing would have to come from the profits off these places.

not sure what he heart burn is here.. if buyer and seller agree to cancel EM should be returned within a day or two.. if lawyers are messing it up.. that is a huge problem.. and again name brand title and escrow companies simply would not work this way..

I don't want to burn any bridges or just blow anyone off.