I would recommend that you don't ignore it; repair the drywall, monitor it and see if the drywall cracks in the same locations again.

I recommend two accounts: checking and savings.

My only recommendation is you go with someone local to where you are.

I would recommend reaching out to the brokerages and see if you can do a presentation at their team meeting.

As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!  

I have a great Mortgage Lender tailored to Investments I can recommend for you here in Houston if you want to PM me! 

Recommend you do several tranches versus one big policy. 

@Anthony Acosta another recommendation you connect with @Samuel Eddinger!

I would also highly recommend you set some parameters when thinking about working with non-accredited investors or if you are one and want to invest on a large deal. 

I would recommend taking a look into Columbus Ohio as you can still find positive cash flow and very strong appreciation here.