While I haven't (knock on wood) been in this situation personally, I would contact Rent Recovery Service which has a partnership with the American Apartment Owners Association.

Next time someone smokes meth in your house, clean it yourself, move onInvolving the city, police etc will only make your road to financial recovery long

😊Essentially, Congress is allowing "cost recovery" deductions without regard to obsolescence.ACRS eliminated salvage value, minimized exceptions and elections, and moved away from the useful life concept.ACRS allowed depreciation deductions for recovery property over a predetermined recovery period by applying a statutory percentage to its basis (cost).Under ACRS allowed "depreciation deductions" no longer correspond to literal depreciation.

The article you cited is talking about properties that were bought as rentals, and then converted into a primary, so your article does not apply to this instance.121(b)(5)(C)(ii)(I)  The term ‘period of nonqualified use’ does not include any portion of the five-year period described in subsection (a) which is after the last date that such property is used as the principal residence of the taxpayer or the taxpayer’s spouse.https://www.exeterco.com/artic...https://www.cpajournal.com/202...ARTICLE QUOTE:  Exceptions to Non-Qualified UseThe Housing and Economic Recovery Act of 2008 has provided three (3) exceptions to homeowners where the sale of their primary residence may not otherwise qualify for the tax free exclusion under the new requirements now included in Section 121.The first exception will have the greatest impact.

If you go one step further a recovery is when you come back to the same growth trend line you were on before the recession. 

The timeline is usually in at least a decade....many times that recovery period is after the would be term if you had a mortgage instead.Flip side. 

Fighting with BK court to make the claim the asset should be exempt not to mention other creditors who would want the asset to be included so they stand a chance of recovery is simply a rat race no Mortgagee in their right mind wants to take one.    

I'm not surprised.The four phases of the real estate cycle are recovery, expansion, hyper supply, and recession.

As I said before, when people take loses, they file lawsuits at anyone associated.Different industry, but all the celebrities and athletes who associated with the FTX crypto exchange are now having to lawyer up for being an ambassador and pumper on their.promote wisely. https://www.google.com/amp/s/s...

I have solar on my primary and am putting it on my rental (it’s a recovery residence so I pay all utilities) especially in Arizona!