I've gone through this before working with clients to get their credit up to qualify for a loan, and as much as the debtor will make it seem like they have no control on deleting the tradeline, they absolutely do and anything beyond that is just company policy.

But if that doesn’t materialize, or if we hit a recession, it’ll get worse.My personal advice is, if you don’t already own stabilized real estate, in solid areas, with fixed debt or low/no mortgage…take the 5% return available now for your liquid savings and wait.

You need to re-fi into long-term debt or sell it, and start investing differently.

Conduct due diligence to uncover any potential legal liabilities.Overleveraging: Excessive debt or aggressive financing structures may leave little room for unforeseen expenses or market downturns.

It could take a month to get them paid off.3-no, you are a “debtor in possession” and by law they must give a pay off, and accept it.4- no.

If the cost is high and you're not getting sufficient ROI, it might not be worth the additional debt or investment.Tenant Considerations: Frequent repairs and maintenance requests from your tenant indicate that the property might be challenging to maintain.

I beleive this is an important distinction because you appear focused solely on apartment buildings that were acquired because of favorable debt or other bad projections. 

Title transferred to a living trust of which debtor is beneficiary.  

For example, I think we are late cycle, so I lean toward the safest part of capital stack which is debt (or debt free equity).

The decision to use debt or not ultimately depends on one's priorities.