This is an internal accounting requirement  You can cut a check to any member as a drawing or return of capital, to them individually, that's not an issue. 

You're cut out to be a local nosey neighbor.

The enclosures are 3 piece that are cut on the property to ensure a proper fit and so on and so forth.

I could also pay down the HELOC over time for lower monthly payments as time goes on (and subsequentially increasing the cash flow but also the equity I have stuck in the property).The downside is uncertainty about how long I'll need to wait for a better market, and the HELOC being tied up until I can sell or refinance.

Any of the utilities that are tied to the property (usually water) such that if the tenant leaves and they are not paid, you have to pay them, you need to make sure they are paid. 

This setup might not be viable for most investors, as offering rent-free or low rent significantly cuts into their returns, especially with you staying long-term.

If you're looking to cut costs on a PM I would recommend using one for placing the tenant and then not having them manage monthly, I'm pretty sure some offer this option.

My handyman fixed the sheetrock after remediation that was cut by the mold team.

I am more looking for in your expierence are stairs tied to load baring walls, so that if moved would impact that?

That said, I think the reason many building departments are so stringent with investors is the illusion that most are looking to cut corners for the sake of profit.