You can never get the partial claim reduced or forgiven.

From what I have seen, it is more common for a litigation claim to arise from a partnership relationship, employee relationship, or other business relationship than a claim by a tenant against a property owner.

ever make that kind of claim with any substantial amount of money and for any substantial amount of time.To think, I was actually starting to give you the benefit of the doubt...

Maximizing Deductions: You can still claim tax deductions (mileage, repairs, management time, etc.) on both properties as long as they’re legitimately related to rental activity, even if one isn’t in an LLC.

I used to agree jay but after our most recent transaction with them they aren't a fair intermediary they represent the buyers yet claim not to on transactional paperwork and also use their network against builders. a little manipulative.

Find anyone really to sign a quit claim or make them up, have it notarized (the notary's name is not on the GA notary list by the way), and then buy a property for $90k, you take a $8k hit on the fees, then you get back the overage paid to you by the city. 

In Ohio a claim on future distributions of the LLC (a charging order) is the exclusive remedy.

If the borrower lies about that to get an investment property loan by claiming it's for a primary residence when it's not, then that's straight up mortgage fraud, which is a felony punishable by a fine up to $1m and 30 years in prison.

2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.3️⃣ Capital Gains Exclusion: Sell your home?

Talk to your insurance provider to see if this qualifies for a claim.