If there’s no response, consulting with a real estate attorney would be wise to determine how to terminate the agreement and recover unpaid rent.Once they’re ready to switch PMs, I can recommend some reputable property managers here in Indianapolis who are responsive and trustworthy.

If the signs point to selling, consult your CPA about the tax implications.

Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.

$6K in taxes and expense vs $17K in Federal and State taxes.Ok so after all this, book a consultation with a tax advisor.

Make sure to consult a financial advisor if necessary and also consider reaching out to your local credit unions.

For the most part all you do is monitor your bank account.  

Did you consult with them on what to do?

@Vidit MainiYou should have a consultation with a tax accountant to learn about tax strategies. 

For tourism you have several, including one (IFFRU) that can fund up to 100% of the renovation costs (no purchase).You can do your own research but you have companies / consultants who this job for you and charge a success rate (pay only if funding gets approved).