Quote from @Jason Burkart: Quote from @Linda Weygant: A few issues come into play on this.1. 

So far, I haven't had any issues renting my unit.

Our main issue is these properties are owned in an LLC.

As long as you follow the guidelines properly, it's not an issue. 

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.

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

Supposedly they have had a deal for me in Florida that has had title issues that has been holding it up from closing.

Finding borrowers won't be an issue, so I wouldn't worry about that piece, just making sure you have an agreement you are comfortable with and borrowers and properties you are comfortable with.

I've sent so many follow-ups, and the issues remain.

Should I be concerned the bank may have issues with this?