Cash flow negative as we may enter into a recession or at a minimum falling rents and values ...

If you have a loan, you may wish to look into due-on-transfer clauses, as well as whether turning it into a rental requires you to refinance to a non-owner-occupied loan/rate.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

Some are falling apart. 

I had one deal fall through because even though the investor owned the construction company, he wasn't a licensed GC himself AND this was his first ground up construction.

Don't fall for their marketing attempt.

Many who enter this space only interested in wealth tend to fail and fall hard.

I would be very careful if you move forward and do it because anything that goes wrong is going to fall back on you and if you do not have a management agreement in place you could be opening yourself up to lawsuit if you fail to deliver on the expected services.   

Not sure what 506 section that falls into, if any.   

It can get hard to see progress in live-time and fall into negative think that your getting nowhere if not doing your "weigh-in's" and celebrating the steps achieved. 

But who said money grows on the trees and falls on your laps just because you want it?