@Krystle Housley very similar situation here in Chicago.

It depends on the property specifics as well as your tax situation.

I am in a similar situation, renting a bedroom in a co workers condo.

@Brian, and that is a perfectly reasonable position to take, in my situation I'm in NYC, a very tenant friendly state, it's not unknown to be tied up in court for a year trying to evict a bad tenant, it happened to me, took eight months to get him out , situations like that can quickly mess up a positive cash flow, if I had a mortgage on that property I would have been in bad shape.

I try to handle the situation to avoid further issues down the road. in your instance i'll put some fans on to dry the area and continue to get a repair man.

I agree with you, he should be on this forum asking questions and providing accurate info about his situation, without knowing all facts we can't give accurate recommendation. 

After that amount of exposure, my following up and discussions with showing agents lead to multiple offer situations on both homes, netting me more on each sale.Ultimately, it comes down to how you run your business, your follow-through, etc.

If you are a CRE, how would you want me to address the situation? 

I’m sure this question is a question for my bank but off anyone has any info on this situation it will be very much appreciated.

I don’t know where to go to find someone trustworthy to go in on it with me  Hey Jason, wanted to reach out and touch on this since I found myself in a similar situation.