If there is even a small chance, I would disclose.If I remediated the water issue and confirmed it's no longer an issue, then I would not feel the need to disclose that.Talk to a Chicago attorney to get the best answer....who would ultimately be the one who would defend you in court...when in doubt, disclose, and you'll be better off.

-Confirm Marketing Efforts: Check that your listing is active on major rental platforms (Zillow, Apartments.com, Facebook Marketplace, etc.).

Generally, a loss can only be claimed in the tax year when the investment becomes completely worthless or when there is a final determination that no further value will be recovered.If the REIT has officially liquidated, been declared insolvent, or issued a final report confirming that no additional distributions will be made, you may be able to claim the loss on your 2024 tax return.

If you want to toss everything left into a dumpster before you have legal confirmation of him completely vacating the unit and confirmation that you can trash everything left behind, make sure you catalog it well.

@Dutch Mendenhall, how many times does something have to be confirmed/approved between your Chief Operating Officer, your Director of Compliance, your Director of Special Operations, or "another department?"

The real value of an agency should be in reducing your workload, not adding extra oversight.On a related note, having worked in this field and provided these services myself, I can confirm that the pricing you mentioned for cold callers is too high.

If you received notice/confirmation that rent was to be paid by the NJ VCCO, you can contact them directly at (877) 658-2221. 

I don't need confirmation bias, I like different opinions to help challenge what I (or can't) see.The one challenge I'll have moving forward with real estate (rental, commercial or residential) is that I am 100% investment income (LTCG, Dividends and current Rental Income).

At the point that we step into the role of confirming zoning, we are actually stepping outside the scope of our license as we are not experts in that area.  

I also recommend speaking with several insurance companies to confirm you are getting the right answer/price.