If the police reports are correct, they can take that up with the credit agency.

@Brandon TylerThat’s an exciting step—getting your real estate license will open up so many opportunities to learn and grow!

So let me understand this:1.

Consider that you could end up owning the property.)Vacant Premises: You don't want an eviction.

Overall, your next actional step should be attending local REI meet-ups.

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

I set up a consultation call with them while at BPCon.

Give me a call if you want to discuss. 

I don't have a project lined up currently, as I think the project targets vary greatly on the result of this decision since there is so much equity in the condo.

You can set it up yourself at www.sunbiz.org , which is the website for the State of FL Division of Corporations.