I think a triage system is best.For example, if something critical occurs, like plumbing leak, you want to respond same day to mitigate damages. 

ARV is determined by finding the sales value of comparable houses in your neighborhood within close proximity which have occurred in the past few months.Comparable properties are properties that kind of look the same, have the same number of bedrooms, bathrooms, rooms are in the same kind of condition.And if they don’t look exactly identical, you need to adjust for the difference which can be a tricky exercise.If you are unsure how to do it or even if you think you know, ask =one or a few real estate agents for their opinion

It will be my first investment property and I'd love to hear more about potential problems may occur during the process.

Still there’s an argument there for having investments more liquid than RE at the ready for those times, if and when they occur again

My current lender made some errors in calculating rate adjustments on an ARM for my investment property and not including information in the system when interest payment deferrals occurred in '07 and '08.

You don't want to be found guilty when sued (personally) if an issue occurred on one of your properties that is titled in your personal name and give the plaintiff an option to take all your personal stuff. 

As long as the bulge isn’t too bad (or worsening with the stars/bolts).

What would happen if you travel, and an emergency occurs? 

@Nick G.You will continue to report the property on schedule E and keep the basis that was reported on the 2011 return.You should not adjust it based on the sale that occured between you and the LLC.

For 2017 and prior years, you had until October 15 of the following year to undo part or all of the Roth IRA conversion.This rule is effective for Roth IRA conversions occurring on January 1, 2018 and after.Therefore, even though you can still convert a traditional IRA to a Roth IRA, it may no longer be recharacterized (you can’t change your mind) or reversed after 2017 .