(a) If a condition results from an insured casualty loss, such as fire, smoke, hail, explosion, or a similar cause, the period for repair does not begin until the landlord receives the insurance proceeds.

Instead of cap rate, I focus on total returns to investors and DSCR-limited investment proceed .  

What would be the best way to proceed as most online sites advise to serve the notice personally?

I'm not really sure how to proceed but I sure am not planning to buy in St Paul for foreseeable future. 

You’ll want to give them a chance to respond and consider the offer; if they seem amiable to carry back financing then you can proceed with more specifics.

That obviously does add more risk, but the proceeds are so much better than agency has been over the last year that many are willing to take that risk.I've run across a few deals that had HUD 30yr financing, but those loans are very restrictive and take a long time to close so they're not very common; at least from what I've seen. 

If you have equity, cash it out and use the proceeds to grow.

Each month, there will be a summary of expenses, including management fees and repairs/maintenance, along with the gross rental proceeds. 

Usually mediation is part of the contract or you need to take them to court.

Tenant filed for extension and lockout was scheduled for March 16th 2020, which on that day courts closed and evictions were halted.