Roofs, HVAC, Water heaters, kitchen and bath remodels, tenant turnover (typically repairs and maintenance) cost me much more than $220 per month.  

Then when you're able shift gears from any sort of "technician" IT and go into project management (which usually recruits its junior positions from out of the pool of software developers so that they'll know how to talk to the developers they manage). 

Rehab is likely 6 figures (open the layout, rehab pool, rehab kitchen, rehab bathrooms (3) converting one bathroom from 0.5 to 0.75), new and relocated HVAC, Digital locks, patio with deck accessible from Master BR, convert office to BR, convert large BR into 2 BR).  

Who pays the water, heat, hot water, cooking gas, trash, common area maintenance, etc? 

The greater the pool of Insurance money they can go after the less likely they will go after the assets. 

Personally I wouldnt recommend coastal areas if you are into long term hold - wouldnt want to take a chance with rising water levels.

I don't think messing with the name is a great idea and may actually land you in some hot water.  

After a few weeks of no responses, I went and bought a pool table and stuck it in my living room.

Settlement may be caused by undersized pier bases, water ingress into the crawlspace, expansive soil, etc.

Here are some tips on how to cut costs and keep your property above water!