The proximate cause of the leak was physical damage to the water line, I suspect underground if it was in fact irrigation, and thus maintaining and repairing is the owner's responsibility anyway.3.

If my 1031 gets cancelled due to me not being able to attain financing then there must be damages to me financially?

If this is a franchise of some type, then it's usually guaranteed by the corporation, so if the tenant leaves, the corp takes over responsibility.It will take you 18 years to recover your cost of $700k.The property can appreciate all it wants, but unless you sell the property, or refi (which will probably kill your cash flow), that appreciation is just window dressing. 

Last year, i had to file two water damage claims for two units.

If you had it would be beneficial because you can enforce it with an attorney and go for penalties and damages. 

Location is Halethorpe MD, tenants teenage son had an arrest warrant against him and police did a lot of damage.

Location is Halethorpe MD, tenants teenage son had an arrest warrant against him and police did a lot of damage.

Do you want your daughter responsible when there is damage caused by one of the others?

Also, check into Waivo for damage insurance.

@Jason Lohse, so, they didn't pay for the damage they caused?