Hopefully this little piece of information will help someone avoid a crippling future expense.Thanks Gary

Since you now know it’s been reported and they have told you it exists you must disclose whatever you do know even if you haven’t seen or experienced it yourself to any future tenants or buyers. 

I've learned a lot from this experience and have a better idea of what kinds of things to look for in the future.

Maybe I will be more involved in the future.  

@Matthew NewbyWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

When all parties of a  legal contract are aware it is violated that opens the door for future violations based on allowing the first violation. 

In the future, you can have your tenants add you as an “additional insured” on their policy.

I don't know why choose to stay in something that makes 8% so they can save taxes today that they are going to pay taxes on in the future (when they are in a higher bracket).

Good luck on all your future REI ventures.

Aside from the looming economic correction, if you sell it in the future, depending on when, you'll be liable to capital gains tax.