I am inclined to go with one of the over asking offers with good terms of course, but I am concerned that if the original FHA appraisal was filed that the new buyer's lender will go off this appraisal since it is valid for 120 days. 

Personally, I'd be more inclined to pay an agent (a good one) for their time, that would save me any potential headaches down the road.

Than look at the historical demographics that building has had and if it's stable, inclining, declining.

We bought our home with a broker and it was a nightmare because the loan was being underwritten by someone in a corporate office who did not have any inclination to meet our closing date.

And to be diligent investors we want to be sure that we examine how quickly things may revert to the time pre-Covid when house prices had a very modest yearly incline. 

I'm inclined to think most tenants won't make whether they pay water a deal breaker when they're evaluating places to live.

Please check it out if you feel so inclined.

My first inclination is to go local, but I'm still learning and trying to define my game plan and rationale.

If you were inclined you could take the same amount of money and utilize leverage to get into several new rentals instead of just one.

Be that as it may, I would be inclined to use the 70k as a DP on an additional rental property.