Total accident but the cleanup and repair to the lift station was over $120K.

If your lease has these terms, then turning off power would be a lease violation, and would potentially justify retaining the security deposit.Yes, pipes could freeze in the winter, but there are also other problems that could occur with no power.Most areas of NC are highly humid, and not having AC and consistent air circulation in the summer could cause issues with humidity buildup inside the house, which could produce mold, rust, peeling paint, and/or wood rot.

IF a recession does occur? 

Plenty of homeowners become landlords, either on purpose or accidently. 

By far the number 1 place for problems to occur. 

Why not do it the other way:  Have your construction loan, the perm part, be contigent on you selling your current property.Honestly, don't worry about problems that haven't occurred just yet. 

I assume that some listings are FOMO sellers, but I have no idea whether FOMO selling is occurring at a large enough scale to have any tangible impact on the market....what do you think?

The lease requires that I be immediately notified if damage occurs.

You don't know how the property will perform, what natural disasters (or pandemics) might occur, or what the credit markets will look like when it comes due.

I could be dead wrong, but my theory is that the average value range is going to be what is hit the most and that is where the largest ADR drop will occur because that is where the most competition is going to be.