In order to make a profit, you must first recover all of your cost. 

(Increased rates and loss of discounts on all policies, not just this one.)You’d be better off raising all your deductibles and using the savings to pay for your floor repair.

An umbrella is much better than an LLC *** it protects you and your properties if cause the loss.

I sold 2 of the 4 properties at a significant loss.

Your situation sounds like a classic investor's dilemma, and it's great that you're considering all angles before making a move.First off, it's worth considering what the "rip cord" would be for your investment—essentially, what's your financial breaking point where you need to make a decisive move to avoid further losses?

The problem with FHA on your next one is the departing residence, it will likely require you to take a full PITIA loss monthly, thus affecting your DTI.

Returns demanded by investors are much higher for assisted living than for apartments as the loss from default is much higher.  

Instead of $1500 in training you could buy some liens and consider the $1500 you are saving as a cushion for losses.

I had a client exit his real estate business and leave suspended losses behind.  

I'm particularly passionate about midterm rentals.Outside of real estate, I enjoy working with special needs adults and education about memory loss prevention.Excited to learn and connect with you all!