My tax professional is stating that I would need an appraisal to show the lot/structure are valued at $400k if I try to claim $200k as a donation.

Many times they will claim it's wonderful and then try to hide their worst deals by only showing completed deals.

They claim to market on dozens of online channels, and they seem to know the right amenities to feature, have great design, services, experiences etc.

@Izraul Hidashi I’m not claiming to know how the entire banking system works but I feel that I have a pretty good idea.

Been in contact with the BBB also regarding these guys and what they are pulling on people and their fake reviews and claims.  

I can't name a single state that requires the disclosure of insurance claims.

I'm sure they also told you their systems will protect against aggressive attorneys and creditors and make you invisible so nobody will ever dare file a claim against you...it's all a money grab.If you are a sole proprietor I am putting my money on the fact a single member LLC in the state in which you live/own real estate will suffice.

They claim that they have really high occupancy rates but they do that by offering up properties for really low rates and undercutting the neighborhood.

You can reach out to the Title company and see if there are any funds remaining for dispersement, if so then ask if there is a way to make a claim to those funds.

If yes, am I eligible for a 1031 exchange even though I claimed the home as my primary residence when it was rented?