And it is only like 20 bucks/year like others mentioned so unless you plan on being locked in analysis paralysis for a year you will not even save that much...YES if you are buying turn key and plan on using property manager for everything. 

Plans, permits also as they can take some time, I am unsure of how long in Hot Springs. 

I would spend 6 months+ learning about different investing opportunities, asset classes and risk profiles.

When I’m not analyzing market trends, I enjoy cooking, workout, woodworking and spending time with my family.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

But I cannot keep spending on this house.  

Seeing the situation, is my plan the best way to move foreward or does anyone have a better way?

This includes: Internal restructurings of real estate holdingsThe admission of new investorsEstate planning transactions.

It simply means risk adjusting portfolio for actions of making it liquid for end of life planning.

Are you planning on pursuing any in the near future here in GA?