If you change your mind on the way, or can't put in the amount decided initially, your policy may become too expensive for its returns and collapse on itself.

Dealing with the problems themselves is one thing, but I'm really struggling to not collapse emotionally.

Operators changed nothing, property is as it always was, but the market changed and revenues collapsed, and with it cash-flow.     

It happens - I live in a super hot market, that collapsed a little over a decade ago, and it's been a tough climb back to where values should be. 

What I am writing below is for someone that has excellent credit with zero chance of losing the property short of a large scale economy collapse.  

You need to bank more money and stop looking for high-percentage leverage that will collapse your future.Earn and learn.

Foundation issues, fire damage, leaning walls, collapsed roofs, are massive red flags. 

If something goes sideways, I would be willing to bet 90% of these single owner LLCs formed for "asset protection" would be easily accused of piercing the corporate veil, and collapses the whole thing anyways.Depending on the state you are operating in, even if you use a Wyoming formed LLC, you will likely be required to register in the state you are operating in, which may require disclosure of that information you don't want to give up already - check to see what those states require for disclosures when registering a "foreign" LLC that is operating in the state.Literally no federal income tax benefits to where your LLC is registered. 

Are you as tired of collapse ceilings, peeling wallpaper, and scary basements as I am? 

Then, we lost 60% starting in the 2007 to 2010 Economic Collapse.