Have you discussed the reason he is planning on exiting stage left? 

Hi,I am in the early stages of my real estate investment journey and under contract with my first rental property, which I intend to use as an STR. 

stage=Start&type=Construction&section=City%20Registration&BSPContentListItem=Obtain%20a%20Business%20Privilege%20License

Primarily interested in long distance markets due to prices in my area (San Diego/California).At a stage where I am evaluating my savings versus the upfront costs to get into a STR property.

I sought legal advice and found this was true so had the tenant move the vehicle and arranged to have three dumpster moved today.

No depreciation is being claimed.RentingFamilyMember has a few questions, which may be mutually exclusiuve:(1) Can RentingFamilyMember just quit filing Schedule E altogether and call this some sort of cost sharing arrangement? 

So I require all of my sponsors at this stage to have at least full real estate cycle experience with little or no investor money lost (and the more cycles the better).

Someone with a great deal of tax experience has answered your question, I'd suggest you arrange a "paid" phone engagement if you don't have anybody locally.

You should come on out and meet people in all stages in real estate. 

While this isn't a long-term solution, it could buy you time to arrange finances for a complete fix.Insurance Claim: If the issue with the tub is due to improper installation, it's worth checking if this is something that your homeowner’s insurance or a builder's warranty (if still valid) might cover.Partial Renovation: Instead of a full demolition and remodel, consider if there's a way to repair the tub area without a complete overhaul.