From the lenders point of view, they want to see that you have "skin in the game" that way if you do run into any complications, you'd be more motivated to address them as you are invested financially in the project yourself.Regarding the tenants, I'm a bit less experienced in that regard.

The stench of his drug addiction bleeding into other units should be addressed immediately.

If it's a simple email list software to collect email addresses and send emails and automated campaigns to that list, and to manage that list of emails, something like convertkit.com or aweber are great for that. 

You should first contact the title insurance company to file a claim, as they should address any issues missed during the closing process.

Need to check on the status now.Small claim court should be a good place to address the issue too. check the max amount small claim court is working with.

Tenant Contact Information: current phone number and email address are needed to be able to communicate with tenants.4.

Establish a local network of trusted professionals, such as a handyman, plumber, electrician, and a local real estate attorney who can address urgent issues promptly.

The site asked for a physical address to do business within Michigan.

I would put every MDC Clerk of Court sales record (date, case number, address/PID, opening bid, winning bid, AV, etc.) into a spreadsheet, along with the names of the 3rd party bidders.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.