That said, if I were picking up a property like this I would want to have a decent amount of cash on hand for whatever issues might come up.On rents, I'm getting 1400-1500 for a 3 bed 1 bath (same small bedrooms) in Little Village, but that is all the way on the other side of Little Village, near the California Pink Line and Pete's Fresh Market. 

Plus, it documents what happened while fresh in your mind.As mentioned, discuss this with your HML.

Issues like peeling paint, broken windows, outlets/light switches uncovered would not pass inspection. 

New flooring, carpet and fresh paint throughout.

I need to ponder that some.I think because they will be freshly renovated, maintenance will be low(er).Property management is something I considered.

Starting fresh can be tough at first, but you'll probably be better off for it.

The 6 units are already rented with fresh 1 year leases as well that I have vetted and like.My question is whether I should reallocate my limited resources by selling some positions in the market to fund the 70k or seek a loan partner for the down stroke? 

In my area the growth and demand for a little land and fresh mountain clean air & water is exponential.  

I make my repairs take my write off and start the next year fresh.

What about the Meter set for fresh water and a plumber to tie in the water connection to the house ( has to be pressure tested and signed off by City/County Inspector)Fire Hydrants need to be Chlorinated and tested for quality and leaks by Public works or Fire department depending on your local.