I want to sell my primary residence so that I can be cash heavy during the downturn and be more aggressive when the market recovers. 

Like your method of "giving back" by teaching, mentoring and public speaking, I am keeping busy helping others build a portfolio in the Toledo market OR helping them recover from some bad prior decisions (I seem to be the Sierra Realty Mr Fix-It for the second half of 2018).Keep the ideas coming, great stuff!

They will then pursue the tenant to recover any settlement issued and, hopefully, your deductible.I hope this information is helpful. 

There’s a lot of sage advice and at least one less than constructive admonishment here, but your choices seem to be simple, dig into the numbers and figure out the problem or sell to recover what you can.Simply selling may be the easier way out, and may be the best course of action, but you won’t learn as much.

You realize you don't start making a profit until you've recovered all the money you spend...right?

And it takes months to recover so could be a long time with no income.

If you waste a contractor's time too often, they will be unwilling to give you future estimates and when they do, they will likely price things higher than they would otherwise price them to help recover money for all of the wasted time.Also, I usually add an additional 5-10% on top of the bid from Alan and on top of all of my other estimated expenses for things I can do myself. 

Don't be afraid to offer on properties and lose out on them, and after a few overly-cautious deals (since losses right out of the gate can be difficult to recover from), realize you'll always have some losers (I lost $30,000+ on one “flip”, but was able to off-set that loss by soldiering on and having a couple of winners immediately thereafter).

Under that gameplan the idea is to cash-out each property with your cash being recovered (mostly or poss even a cash-out profit), then do it again.  

So when the property is owned by an LLC, then  if anyone sues for something that happened on that property, they are limited as to how much they can recover from the LLC.