Obviously, we will need to file a 1065 and produce K-1s.

File a casualty loss using Form 4684 and Schedule A if losses exceed $500 and aren’t fully covered by insurance.

Even if he won't sign a new lease, I would simply post this on his door advising him of the new rental rate, take a picture of it, and save it for possible future need if you have to file for eviction. 

They paper push the file into processing to then find out they submitted wrong or it does not fit under a certain program.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

Each year they remind me of the annual filings.

Last week I received a letter from my insurance company stating they were going to discontinue my policy due to the current condition of the property (missing siding) and due to the fact that I am not currently living there (which is not true).I contacted my insurance broker and due to the fact my current insurance company disclosed the cancellation, they could not find another company that would insure the property.I just filed a dispute with the state.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

The issue with this is HYSA will probably produce better ROI for now.

Unfortunately creditor rights laws prevent the owner from verifying directly with the utility provider until a lien is filed which I always thought was unfair but this is a way to confirm the usage is being paid for real time.