That’s a difficult one for sure, and not much to work off because “it looked like” the wall was leaning in.Worthwhile to establish a baseline for now to monitor going forward.  

You're asking for advice which may not apply because you would need to prove you have a squatter who moved in to the unit and has not yet established tenancy. 

The Property Code presumes that 7 days is a reasonable period of time for the Landlord to repair a condition unless there are circumstances which establish that a different period of time is appropriate (such as the severity and nature of the condition and the availability of materials, labor, and utilities.)

Our first steps (Assuming we have teams already established) is to review the subject property with our property management company.

OWNERSHIP seller finance tools are:Subject to - getting the deed and leaving existing finance in play - you own it 'subject to' the existing financingWrap - getting the deed by establishing a new note and deed of trust from Seller to new buyer/investor, and leaving existing loan(existing note and deed of trust) in play , but by Wrapping it with a new note and deed of trust.Straight Seller Carry - getting the deed by establishing a new note and deed of trust from seller to new buyer/investor, and it's exactly like WRAP, except seller is free and clear.   

As others will tell you, it all starts with establishing your end goals then finding a way to get there.

Seems like you are trying to create a loophole that isn't actually established. 

Hi,I am just starting off right now in New York City.I was wondering if there were any Local Clubs that have really help you out that I can check out to establish relationships such as a mentor and mentee.

Once you have the entities established you will want to ensure that they are operated correctly, but it does not take long to pull that together. 

@Aaron MoayedIf you dig far enough into IRC Sec 469 and the related regs, you'll find this:Treas Reg Sec §1.469-1(f)(4)Carryover of disallowed deductions and credits(i)In generalIn the case of an activity of a taxpayer with respect to which any deductions or credits are disallowed for a taxable year under § 1.469-1T(f)(2) or (f)(3) (the loss activity)—(A) The disallowed deductions or credits is allocated among the taxpayer's activities for the succeeding taxable year in a manner that reasonably reflects the extent to which each activity continues the loss activity; and(B) The disallowed deductions or credits allocated to an activity under paragraph (f)(4)(i)(A) of this section shall be treated as deductions or credits from the activity for the succeeding taxable year.When reading tax law, what is not mentioned is just as important as what is mentioned.This Treasury Reg section, taken together with the IRC Sec 469 helps establish there is no definite carryover period for passive activity losses -- as opposed to NOL carryover.