And some expensive ones for larger operations.

I tend to agree and don't think it will be an issue.

A couple issues with Credit/income on paper.

However, if you want long-term stability and predictable payments, refinancing might be a better option, especially for larger projects.

But if its not related to that type of water damage, the other questions ask about present tense issues, and not past issues.

For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?

The biggest hazard is generally the insulation falling off and overheating and setting something on fire, or arcing because of insulation gone and having the same issue.

And always have reserves to handle any unexpected issues.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

I say to look at these hard because these items can occur for a period of 12 months possibly without major issues of seeing large cracks or settling if a lot of water hasn't been present in large volumes.