Hopefully your lawyer also mentioned insurance- title and hazard.A quitclaim deed transfer can hurt your title chain and title insurance. 

In my round-up note as we moved out, I mentioned that the ice maker in the fridge hadn't worked in many years and the model was known for issues so we just never replaced it. (8 year old fridge.) 

Everything paid starting from November 1st is deductible.Now, to the controversy that I mentioned, and ONLY if you really want to go down this rabbit hole.

So let’s say I wait another year and rent it out during that time. 

And, the longer you wait to act, the longer the squatter stays - and even gains some legal protections to stay while your waiting on a slow court system to act on an eviction. 

Quote from @Brian Malavsky: Totally agree with everyone else and I didn’t see anyone mention an “Umbrella Policy” I just got quoted this week for $1,000,000 coverage for only $350/yr.

I guess not anymore.Lol, funny you mention that.

I guess I will just wait to see what umbrella quotes my broker can get. 

Thanks for readingDavid I would not buy anything right now, I would wait a year or so and see where prices are headed.

Im waiting to hear back to go look at the last unit.