The after auction bid process may have given you time to do a good property inspection ... or maybe you live in the property now.Sorry you're in this situation!

It also, currently only has one of the only STR options that has a true a live, work, and play mindset with a generous list of amenities, including restaurant. 

These retirees often live on fixed incomes, so rising HOA dues, special assessments, and increasing property insurance costs can be a significant burden.

I would have a roommate living with me for $1000 and we would split utilities for our unit.My concern is that with 70k liquid cash, I would get emergencies in the property that I may not be able to cover right away.

Additionally, there is other rules like residency rules that may exclude you from participating in ACT 60.  

Consider the additional costs for cleaning and maintenance with Airbnb.

I have about 25000 saved up and I'm living at home for free how much of that should I spend on a property or save.How does someone truly manage a property "effectively" from a distance?

We saw an 85% increase in our premium this year and because of this, we are choosing to go with the highest deductible we feel can live, effectively choosing for catastrophic purposes only.

My cousins LIve in Peewaukee and one in Delafield.

Did you live in it?