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?

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

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.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

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).  

Most PMs I have contacted have an indemnification clause in their contract, which says the Owner (me) would have to indemnify (reimburse) the PM for any and all losses PM incurs relating to any injuries that occur on the property. 

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.