You might need to file 1099s if you used contractors or other people whom you paid for labor:https://www.biggerpockets.com/forums/51/topics/1167632-expla...

I have no concerns about the owner filing for bankruptcy or any issues with a bank.

Not sure if you can file a complaint and ask for this to be re-assessed.   

Originally posted by @Warren Ifergane:@Joshua DorkinWe will be filing a lawsuit for inaccuracy in a comment.

No I drew up my own contracts and filed the paperwork myself

Filing a police report is crucial.

Suggest you check in with him/her on this additional service as your attorney is already intimately familiar with the file and you can often give them pre-authorized amounts to settle on vs trying to squeeze all the blood from that turnip. 

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Cut it open and see what’s going on, it may not be much, but if it is, file on your insurance and then they can go after the tenant. 

It wasn’t an issue of “underwriting does review a file until it was complete”.