If you have specific negligence claims or damages you need to go back to your attorney.

Do I need to claim my profits as income, get taxed heavily, just so banks will look at me seriously? 

The claim was that we misrepresented the property. 

In reviewing the tenant online on my own, I found a criminal record on this person, with mug shot (so no denying this is the person), with 'claims substantiated'. 

I think it's going to be tough to claim the entire thing as rental long enough to establish intent. 

At the last minute, landlord asks to do a background check which stalled for months and I claimed that it was because of identity theft issues.

That's because the caps on annual depreciation and expensing deductions for passenger automobiles don't apply to trucks or vans (and that includes SUVs) that are rated at more than 6,000 pounds gross (loaded) vehicle weight.SUV’s with an UNLOADED gross vehicle weight greater than 6,000 pounds but less than 14,000 pounds are allowed to claim a Section 179 expense of up to $26,200.Trucks with an interior bed-length of six feet or more are NOT subject to this $26,200 limit.Trucks over 6,000 pounds UNLOADED gross vehicle weight with beds shorter than six feet are considered SUVs and subject to the $26,200 limit.Trucks, vans, and SUVs with a LOADED gross vehicle weight of over 6,000 pounds are NOT subject to the Section 280F limits.

By performing the action in a rising market and evenly targeting many owners (especially those least-equipped to fight), the effects were likely diffuse enough to deter potential takings claims.

The Board of Education is claiming that for the past few years it was under valued for tax purposes and The Board of Education wants their money!

Small claims court