Unless some massive legal gymnastics occurs, this seems to be a very unlikely scenario any time soon.

The cost of capital is higher, but there is no obligation to repay if a total loss occurs, unlike a loan where you would still be on the hook assuming it's a recourse loan. 

I'm trying to figure out what to do with it - and it just occurred to me that it might be an excellent property to sell shares of co-ownership.

What happens in Year 2 and beyond after Bonus Depreciation occurs in the first year?

Do you have any reading recommendations on how a new person can gain a better understanding of how to analyze a deal to determine how to hold onto an investment if a downturn occurs?

For context, the water mitigation team that came out when the initial damage occurred 4 months ago was unable to locate the source—it was the roofer who repaired the flashing who said that was the issue.

Both payment options are feasible to manage if vacancy occurs/tenant defaults. 

Attorneys can still find cracks and attack your personal if a law suit were to occur.

With original Quest plumbing, I know it is only a matter of time before failures occur and I replace anything I work on.

The market would have to take a severe downturn and other detrimental economic factors would have to occur to prevent that; just dont see it happening...oh and if the sky does fall, my option #Z is selling on terms to an investor offering owner financing (thereby having the ability to inflate the purchase price).