I turn over to my insurance company and they are paying for the lawyer to fight the lawsuit. 

This coming year set the goal of getting more committed to learn and expand my knowledge to avoid previous mistakes taken as well as to be able to effectively continue to expand my portfolio.I’m here to connect with others who are also passionate about real estate, and I’m eager to learn from your experiences, insights, and advice.

It's a domino effect.   

Then, at death, the property’s basis resets, effectively erasing the accumulated depreciation.

I’m considering consulting a lawyer to clarify these issues.Two weeks ago, I reached out to the tenant via email to start a conversation and propose a win-win renewal, but I haven’t heard back yet.

At that point, I was fed up and consulting a lawyer and was waiting to respond to Katee until I had legal advice.

Quote from @Scott Tennell: For real estate investors who have worked with private money lenders, what strategies have you found most effective in structuring deals to ensure both parties are protected and the funding process runs smoothly? 

But, for instance, I sent them a notice of rent increase effective February 1 and needed them to confirm that they have accepted the new payment terms through our electronic payment system, and even after repeated notices, they are not responding.

I’ve seen many investor clients use 1031 exchanges effectively.. just be sure to get specialized tax advice.

2.What are the best and most cost-effective solutions for managing this potential long-term issue?