Sharing leases, profit and loss sure but no inspection. 

All that said, depending on the size of your RMDs, liquidity needs, and total income, you may consider making deductible contributions to your own IRA ($7k limit, $8k if above 50).

I can release my properties without much loss if I have to. 

You're only limited by your beliefs.Practically speaking though, 2-4 unit multi is very very doable starting out, especially if you are willing to owner occupy.

Germain act passed which formally overruled Wellenkamp and made due on sale clauses universally enforceable with limited exceptions.  

They learn from every loss, improve their process, and move on to the next opportunity.

Since you put 5% down and the appraisal came in at $160K, your available equity might be limited since banks usually cap HELOCs at around 80-90% loan-to-value (LTV).

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

That's two months of lost rent and utilities ($5,600) plus $2,000 in cleaning/repairs for a total loss of $7,600.

Do everything right: To include but not limited to pro photos, professional quality design, durable furnishings.