I have bought meals for people who needed it, my husband helped restore homes after Hurricane Harvey, we look out for our neighbors, and so on, but we don't often give cash outside of the checks we write to our church.

ARV is irrelevant for taxes.Then you subtract land value and depreciate the rest. Or

At the end of one year, the cost to restore the property to livable condition was over $15,000.

If she does file against you, file a  counterclaim for the REAL cost of the damage and FULL replacement and restoration.

For the bathroom renovation, if it is simply restored as repairing the bathroom, expense the $11,000 as a repair for 2023 (this will affect your DTI).

I also have ownership in a general contracting company in Wisconsin that does single family restoration where a $50k flip job can be done in a few weeks.

Most of our units are currently full of locals who had Helene damage or they are in town to do restoration work so they know the deal. 

Under MD law they would be responsible for the costs of those improvements and would be responsible for restoring it to the original condition at the end of their lease.

Our focus is on securing high-quality tenants to restore stability and improve cash flow.Despite these challenges, we are confident that selling this asset is the best course of action to protect the overall portfolio.Immediate Plan: Increasing OccupancyTo improve the property’s financial performance in the short term, our plan is to lease up the vacant units as soon as possible, starting with the three units that are rent-ready.

It's going to be a lot of work to restore and clean up.