2) seems to me(not confirmed) that the GPs failed to vett out & manage the performance of these hired companies properly & promptly.

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.

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.

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.

To confirm, in a relatively stable market, an unlevered 1031 exchange of a million-dollar asset in a high-yield tertiary market—with no debt—would not realistically generate a 10% cash-on-cash return in year one?

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.

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

Since you're still living in the property, you might be able to house hack and keep the lower owner-occupied tax rate—worth confirming with a local tax advisor.

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.