I anticipate that it could cost $5000 to fix and I'm questioning whether to take the insurance claim (deductible is $2500).  

The appraiser claimed I'd never get what I told him I expected to get in rents.

But they claim it was an "Act of God" and therefore not our fault since there was no reason to believe that the divider was faulty.

-File any claim to deserting tenant or just relist and be happy a bad tenant moved since this area should be relatively easy to lease.Thanks for any help.  

Originally posted by @Michael Cai:I am planing to hold more than 2 years, probably 3 yearsI don't know these neighborhoods, so can't comment on which would likely to be better, and would be skeptical of anyone claiming they can predict this in a 2-3 yr time period, but I will say that this is a really short holding period.

Any expenses you want to claim prior to the day your first rental property is put into service (rent sign in yard) must be claimed as Startup Expenses not operating expenses.

With the UD action, the ploy is to gain possession, not rents as with possession I can cleanup and get it rerented ASAP.To get Past Due rents and fees, file in Small Claims- - again, don't expect to collect as they will have nothing to attach - - so write it off as Bad Debt.

Account Closed you would typically do a quit claim deed or warranty deed to have the title transferred to the new LLC name.  

If you want to see a basic option, where you are willing to pay out when there is a claim, an ACV, Basic coverage policy will be the lowest premium.A Replacement Cost policy, Special form will give you higher end coverage. 

If you want your money back and you believe you are in the right, file a small claims suit against them.