A BK can stop the process all the way up to sale within minimal timeline of notice to the sale entity.

This will be my first steps into the ARM arena, so I'm fairly unfamiliar with what options I have to minimize my risk after the initial interest rate expires.

Mistakes are inevitable, just trying to minimize the damage.

So, in general, is it a good idea to try to minimize passive loss carryovers?

Yes, a trust.You have to consider and establish layered asset protection, minimized tax liability, transferability (avoid probate in case of death), etc.

Where I have a problem is with inflated ARVs and minimized repairs.

I have seen agents play "merry go round" with brokerages for decades with minimal affect.

I'm thinking it's a great bargaining tool and best case scenario I may only have to do minimal repairs and worst case I have to redo the entire upstairs obviously.

I don't recall how much it was, but the cost was minimal.

Purchase price: $375,000 Cash invested: $80,000 Single family home 3 bedrooms, 2 baths with a split floorplan (read - nicer for house sharing); total renovation in 2017 (read - minimal cap ex and minimal hassle); walking distance to campus, medical centers, city center, 6th street, parks (read - not relying now shutdown public transportation or long commutes).