A quiet title isn't that expensive and handles issues whether you can easily identify them or not.

Depending on how easily this could be done, I would have have tenant sign a mutual early termination agreement and let him move out.

You could have easily put that in a high interest savings account with less risk. 

With peel and stick I can EASILY replace a single damaged tile.

Honest opinion - this seems like a great opportunity for you with 70% LTV at 5.5% for a property this type/size - I would be very very careful if you need to get the other 20% as a relatively new investor - someone willing to lend the remaining 20% could easily take advantage or come up with terms that could cost you - definitely depends on the further info - but tapping the equity of your current rentals and taking down the full 30% equity stake in this acquisition would probably be the best bet

If you have decent terms on the land with low property taxes, add some insurance and you should still be able to cash flow easily.

In your situation, if you are an accredited investor, you could invest while living overseas easily. 

One can fine tune one’s stock characteristics far more easily than one can one’s real estate’s characteristics.I noticed you ran right away from the fact that real estate traps you into a vulnerable position regarding economically ignorant people and those who cater to them.

I would consider investing there at a later stage in a career when the yield is not that important anymore.I was by coincidence talking with another investor who only buys occupied apartments and gets them out quite easily by paying them a certain amount.

But worms are so difficult to put on a hook, so here comes a clever dude who invents a machine that easily grabs a worm and hooks it within 1 tenth of a second.That is great, BUT you CAN'T catch this fish with worms.