You can use the 70k to do this all over again over another 6mo period.

I read the RDPD books, which I thought were OK, and I played the Cashflow board game about 50 times (mostly Cashflow 101) over a 4-year period back in the 2000s.

By understanding historical patterns and market trends, we can navigate through down periods and position ourselves for growth.

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

Quote from @Brooklyn McCarty: Most PMS’s offer a free trial period.

@Samantha Stephens my experience is the property is only available for those will OO to bid on during this period.

Loss of income is another coverage that you will probably want to cover any period of time you can’t rent out the apartment due to a covered loss.

I also love the idea of having maybe a 3rd party handyman or something like that to inspect the work periodically, that would be cheaper and that way they have no reason to lie. 

With C or below you probably can't avoid some of it so I'd go with a recency bias, ie anyone who has a long period of time between their last eviction and successful rentals other places will be a safer bet than the guy that just got evicted. 

As mentioned if you're concerned, just keep a close eye on your credit profile during that period!