I would think it depends on your strategy.  

I still do that as well as some average starter home flips Though not recently due to market conditions last few years.I have crews that are 1099 and others on payroll so I have a mixture depending on the trades and the projects I have on my books.

Depends on your comfort level and ability to travel.Meanwhile...  

There will be no power for a day or two depending on your licensed contractor.Plank or batten box house is same as a log house (can't conceal electric or plumbing well), I would make them safer.  

I think it depends on the property and numbers.

Furthermore, you should be getting a cut of the proceeds of the sale (again, GPs will take 10-50% depending on deal structure), so even though cash flow is disappointing, you should make something on the sale, if the GPs manage to get a good sale price. 

I think it depends on your rental strategy.

Depends on how bad of shape it's in.

Depending on your lifestyle. 

I think it's very situation dependent.