In ACV claim you lose depreciation AND if you under insure you get hit by the coinsurance clause.

If you really need the money you could attempt small claims if you didn't buy your property under an LLC. 

You can’t turn one deal into multiple transactions like they claim.

You have to be careful if the person is a member of a protected class because they could claim you denied them based on that and not the neck tattoos.The best policy is to set your standards based on objective, observable criteria and then stick to it.

If you don't attempt to re-rent the unit, a tenant could claim you aren't doing your part and stop paying rent.

I suspect anywhere in Kansas will be similar (because wind and hail are two of the top drivers of insurance claims), but it's worth sleuthing out since things like these are silent chokers of your returns.All other things equal if you can buy and hold in a market with lower taxes, affordable insurance, and more ideal landlord-tenant laws that sweetens the pie :) 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

And you full gut is unrealistic.

We would like to claim a depreciation on it, but it seems that there is no information regarding the division between the cost of the land and the cost of the apartment (because, well, it's a single apartment floating in the air).

I was told that they only handle claims.