If you don’t like it, no harm no foul.

No harm in kicking the tires (if you have the time to study other markets) but in the end value matters, not price.   

. :-)Imagine the awesomeness of buying during the downturn, hyperinflation occurring and your mortgage being locked in.

Assuming no other expenses occurred. 

Should there any damages occur, it will be deducted from there.

I have used this product in the past. knife grade epoxyIf you can repair the chip with this product, and you should even be able to if it's on the edge of an undermounted sink (which is where these chips usually occur) you should, and pass a minimal cost on to your tenant.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Seems like with demand where it is, even if there is a chunk of foreclosure activity that occurs in the next 6 months, the market demand is high enough to absorb it without dragging prices significantly.

We have a rehab in Orlando and want to make sure that if an injury or other type of claim occurs the GC can't just walk away without being held responsible (using his insurance).

@Jordan Burnett Agreed, it seems like with the stimulus ending and foreclosure restrictions in some states being lifted the normal vacancy pattern we might see in a recession environment could start occurring in the next couple of months.