If the roof collapses - are going to sue me or are they going to sue renter's warehouse? 

Back before the RE Bubble collapse, we had companies that would come to our investment group meetings and offer a pre construction investment ($250K for a duplex in AZ or NV) with 36 month guarantees of renter placement and even a buyback program.  

The great depression then the housing collapse from a decade ago. 

The weight of the floors was collapsing the post and beam construction.

So your options really are to do a full 1031, or do a partial 1031 and pay tax on what you don't reinvest, or sell and pay all the tax.If you're that concerned at the market over the next 6 months or the cap ex then you won't regret paying a little tax if the roof collapses the month after you sell.  

I think only one bank account could be construed as comingling and will likely cause the liability protection to collapse, especially if the cells are all owned by the "parent."

If the roof collapses (as it did on a related property) it would appear I'm totally on my own here.

Loc has good reason to look at balloons as a future disaster, most all are very poorly underwritten, usually just agreed to, without any due diligence and yes, those collapse.

I don't think a collapse will be headed our way, but I do believe that we will see home prices begin to plateau until rent values come up and encourage investors to push towards SFR's instead of multi family.

It seems that most of the contractors left the state with the housing collapse and are slowing coming back but the handyman is hard to find.