I was a GC in Florida and now I’m working for a well established company contracting disaster damage / insurance claim repair (roofing from hail and wind, and flood, fire, etc..) over the entire Houston area.

It just causes them to leave the house and pack up the dog and clean up etc.

Towards mid to end of 2018 we saw interest rates and total inventory rising which caused many to say correction or start of the downturn.

Hi all, had some bad water damage in a duplex of ours in Rockford and we've cleared everything out, almost down to studs and are looking for a GC who can do it all (carpentry, drywall, subfloor, paint, plumbing, etc). 

I started with college rentals and now have those managed by a PM because they were causing me to go insane.

You will still take 100% of the depreciation deduction allowable on your rentals, but if that deduction causes you to have a passive loss, that loss will become suspended and not currently utilized due to your income level.

Kitchen has had an active leak- source unknown- that has damaged most of the cabinets, master shower and tub are non-functional, AC unit needs to be replaced, garage door needs to be replaced.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state. 

You might consider just taking the deposit and only applying it to damage in individual areas, not common areas, unless you can prove who damaged what.

However, I've never done a rooming house before and wanted to know the best way to handle security deposits and how they may be applied to damages in the future.