Unless there is an emergency situation, take a lot of photos and call your insurance agent before doing any repairs.

If a situation arises where landlord and tenant end up suing each other or both being named in a lawsuit, and we're on the same insurance policy together, that seems to create more problems than it solves.

I got a lawyer at the moment but they don't see to be too great regarding evictions and kind of unsure about the whole situation so will see if George Gibbs can provide some clarification on it.

Hi @Jinxiang XuFoundation repair is common but no pipeline replacement, it depends on the age of the property, but in your situation it could be due to the foundation work done.Service prices are in all ranges.

In a situation like that, if the market is right and the research is right, you're earning essentially everything you would in just owning the property outright, other than the fact that you won't get the tax benefits (but your LLC will). 

I m facing same situation .would love to hear your updates!

Very few readers have had to deal with this situation?

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

They aren't going to magically improve and start abiding by the lease terms but I think there is definitely a possibility that the situation gets worse.I think that's a good point.

Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action.