Essentially they charge for the water that was lost, but not the corresponding sewage treatment cost since they didn’t treat the leaked water as sewage.

From what I understand there was never a hard-set date for the end of that little fire-resistant cancerous mineral, but the newer the house the less likely that little harbinger of death is likely to be found in your home.

However, there might be some tax benefit in your situation to treat this as a partnership (LLC tax as a partnership ).For instance, this treatment could reduce a married couple's SE tax bill when one spouse has wage income above the Social Security tax ceiling ($128,700 for 2018).

If the tenant loses their job, gets cancer, etc., how does the investor cover their debt?

Okay, I have put in the sacrifice of counseling addictions treatment for over a decade and honestly am not fond of subjecting to this slavery any longer. 

My son was just measuring for window treatments but the home appeared unlived in and the cats were out of control.

No doubt the preferential treatment for capital gains seem to gather much of the headlines.

As I am sure you know the treatment of Quit Claim is trending away from the "No Problem " +-5yrs ago to now "at least a temporary problem"   So who knows where it will be in the future.

My wife had cancer.

The second something bad happens in life or challenging and people want to check out or say look what happened to me that is when people give themselves permission to fail.Life is tough,very tough but we all need to keep moving forward.When I was 16 years old I lost my dad to a car wreck suddenly, my best friends dad to cancer, and my grandmother all in the same year.