Here is a link from an older post on the same subject with some options.https://www.biggerpockets.com/forums/52/topics/262681-rent-recovery-serviceIt would be good to get a collection on the persons credit report to help the next landlord even if there is no $$ recovered.

However, if communication continues to be lacking, or if you receive inconsistent updates, it’s crucial to be prepared for the possibility that you may need to pursue legal recourse.Protect Yourself Moving Forward: If you do recover your investment or start new ventures, consider more stringent due diligence in the future.

People are forced to relocate due to the loss of both homes and essential services.While insurance should cover the reconstruction of your property, until the community recovers, there is no reason for people to move back and rent your property.

**Plan B: Refinancing and Renting** - If you aren't getting the price you want, refinancing and renting the property could give you time for the market to recover.

If you have positive cash flow, and  you use your own cash to pay off the property, you are adding to your cost.If you have negative cash flow, the negative comes out of your pocket and adds to your cost.If you try to change negative CF to positive by adding to the down payment, thinking the lower mortgage payment will change the negative to positive CF, you are only paying the negative CF upfront,...and still adding to your cost of the property.Profit starts AFTER you have recovered your cost (cash) in the form you paid for it (cash flow). 

I suppose it could be a first time in history sort of thing but as far as statistics go the market has always recovered and always went up further than ever before.

It's a long term play as the front loaded fee takes a few years to recover from.

Even a small claims court option might help you recover some damages later on.It’s definitely a tough situation, but focusing on getting a clear bid for the remaining work and being upfront with your lender could provide the best path forward.Wishing you the best with this—stay strong!

The placed-in-service date can be any date during the year; it doesn't have to be January 1st.Regarding closing costs and other expenses, many of these costs are added to your property's basis and recovered through amortization over time once the property is placed in service.

How many times do you see in these forums the investor who got swindled out of $5K, $10k etc. seeking advice on how to recover?