I am still at a loss why more investors aren't founding REITs or DSTs. 

And I certainly wouldn't have survived it with no investor losses, as I was able to do thanks to having a manageable portfolio at that time.All that is to say that I wouldn't change a thing.

If the Ensuing damage is also not covered, the total loss could be vastly higher.  

However, it's important to be cautious, as sheriff sales can be risky for inexperienced individuals and may lead to significant financial losses.3 - Referring to point 2.4 - I can provide you with some recommendations for CPAs who are based in Ohio.

Or buy a thermal camera to check for heat losses, they have gotten really cheap. 

Your perspectives have been incredibly helpful as I navigated how to handle the situation.Here’s how I just responded to the tenant:I expressed sympathy for their situation and the loss of their pets.

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

DIL is a voluntary foreclosure.It is a loss mitigation option you have to apply for and be approved.

As long as you have PCF, this really means you have a clear property since the tenant is paying for the rest.Role of Equity - To grow from appreciation to a point where the growth is equal to the original equity, thus doubling it.When both things occur (order doesn't matter), I sell.Banking only on either CF or equity is a loss.