Just heard back from my tax accountant and I was expecting some good news that we were getting a positive return from owning 6 different rental properties (bought 2 in 2019) but instead he tells me that we're just breaking even. 

I know the news just broke and it might be too soon to tell.

Now that it has been over a year since this incident with no news from the ex-tenant, I am considering to work either through a Collection Agency or a Law Firm to collect the owed money.

My insurance broker has not minced any words on what's happening in their industry; coverage is focusing on paying claims for catastrophic events only.So the good news: "it's over." 

Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog 4.

Article below if it posts:https://www.stripes.com/us-mil...

@Dan Schwartz that's good news.

However, just today I read the following articlehttps://www.sfchronicle.com/business/networth/article/Want-to-refinance-Make-sure-you-understand-the-15112448.phpI am unclear as to whether I would be able to deduct all the interest on both of these properties?

There are a ton of videos and articles out there and Brandon will go into detail on each line item.

Arrrgh not good news.