Otherwise, they have to eat the extra expense just like homeowners do.I would talk to an attorney and your insurance company.

Not much good stuff on the market right now that can cash flow without work and on the MLS the prices don't allow for some extra reno. 

Went through extra fast because the developer really had no other good optionsI doubt we'll know the full details for years to come but I'm curious if you have an opinion, or if there's other probable options C,D,E I could be missing as just a public bystander to the situation @Rene Hosman It's very rare that anything gets done quietly behind the scenes.

Now, if you were NOT a "real estate professional" you would only be able to:grab the rental income ($100k) and subtract that from the rental expenses/depreciation ($117k), now that extra $17k loss can only be used to offset future rental income, not the W-2 income and dividends and interest income. 

I always looked for 'distressed' properties as that is a great way to grab some extra equity appreciation.

If I sense the buyer is cut from this fabric, I will negotiate extra hard against repairs to the extent they simply walk.

The idea here being you buy a 3-4 bedroom house near your practice facilities--and renting the extra rooms to your teammates. 

Although insulating the floor is a nice extra, it is not the primary way that cold gets into the house.

Look to see how you can earn extra money while also cutting your spending. 

HELOC: The Best Tool for Smart InvestorsWhy It Works:Pay interest only when you use it.Got extra cash?