It depends.As you may know, often times with rental property you can have positive cash flow, but a tax loss due to depreciation.  

I find that almost always, when someone loses their shirt on a RE investment, it's because they were spread too thin and forced to sell at a loss because of timing and inability to float the investment through tough times. 

If it's okay to resell something at a loss, then it's also okay to resell it at a profit.In my state, this issue is not addressed in landlord-tenant law. 

Write it off as a tax loss move on.

And don't forget to get into ACV vs RCV and "loss of rents" coverage.As for the home warranty, as you mentioned this is a sort of insurance.

What he was saying is cut your losses (in this case mark down meat or over cutting for the amount of business).

{This has evolved out of concerns over counterfeit bank notes} However, official government policy is to encourage retailers/lenders to leverage the security features of Canadian bank notes as it is a more effective protection against counterfeit losses.

Sounds like your legitimate losses may exceed the usual cap ($5000?)

We had our house burn  down   a total loss  due to a remote control  traxxas  battery charger within 30 minutes whole  house suffered  smoke and water damage happened  about  a year and a half  ago thank God no one was home and it happened in the day time.  

“Pets/animals” include, but is not limited to, both warm- and cold-blooded animals, such as dogs, cats, fish, rabbits, hamsters, rats, birds, snakes, lizards, and insects.Tenant agrees to pay immediately for any damage, loss, or expense caused by such pets/animals.