Cap ex for more significant repairs or scopes that are recurring, but not necessarily on even intervals.

These are recurring costs that ARE required to keep a property running smoothly. 

Here were my requirements with online payments (and have been a strong advocate for my current provider because they offer it):1. requirement to receive only full payments (no partial)2. ability to cancel payment requests after I serve the eviction notice3. won't give the tenant my bank account info (learned this mistake from direct deposit)4. requires me to request payment (although I do recurring and shut off if needed) before tenant can pay meThe major property management softwares should provide this feature.

@Wade GarrettI actually have to respectfully disagree with a lot of the advice above, or at least offer an alternative  speaking from my experience as a landlord and property manager.It may depend on the type of tenant here (and their pay history - i.e. is this a recurring issue every month?)

I am ambivalent about selling because I have no idea where I would reinvest, but have anxiety that the market will crash and I should have sold.

If I were you I'd be suffering from performance anxiety as well.

It appears the eREIT offerings have attracted a lot of new $ that they'll get recurring revenue for managing in the future, so in that regard it was a savvy move and gives them a way to distinguish themselves from the competition in that space (and some of the competition presumably won't be in business as the crowd industry shakes out in the coming year). 

I want to run it by the community to get some feedback so I get practice and get betterHere is my second property:From this listing it is an 89 unit, building size is 42,720 Square Feet, it was built in the 1967, occupancy is 100% and average rent is $695, but we are given that NOI according to seller is $456,000 which makes for a Cap according to seller of 6% and purchase price of $7,600,000.Annual Gross Potential Income = $742,260Gross Expense: (Assuming 50% expense prediction, right now seller is saying 38%, we would need breakdown on what is included in expenses and we what recurring and non recurring) (371,130)Conservative NOI: $371,130Conservative Cap: 4.9%PITI Payments: (367,186) (Assuming 5.5% interest and 25% down)Net cash Flow per year: $3,944Would not cash flow based on this number.

anxiety- is to have things lined up.  

I know for myself that long-distance investing would be too anxiety inducing for me.