Think of it like a gold rush where the person with the best mining tools will find the most gold.

Know this: that person is worth their weight in gold, and can be the primary person that you run things past or ask questions as you move through your day.

to purchase his/her property and the HML (your Dude who passed away - RIP) would carry the Deed on the property. 

The exterminator may do that for you or provide you with bags so you can encase the furniture before carrying it out (to reduce the risk of spreading the bugs).You also want to have the remainder of the building searched for bedbugs (and maybe traps set) to be certain they have not spread to other units.

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If the cash buyer coated the house with gold then it take years to sale or even a loss.

You can require the tenant to go through the PM for all repairs, if you don't already... 4) Do you/your PM's require all tenants to carry renter's insurance in case one of your tenants causes unintentional damage to the unit?

Most states do not require a specific license, although I know Nevada does, but many states provide guidance and that guidance requires certain limits of insurance to be held, certain limits of a fidelity bond to be carried and a license of some sort, like a CPA license in any of the 50 states, and attorneys license in any of the 50 states and or a designation by the federal exchange accommodator's association. 

They are already playing the "medical distress" card, which is like a suit of gold-plated armor. 

The economy has no effect on my ability to carry the properties and a devaluation, provided I hold long term, is only a loss on paper.For myself I place a very high value on the opportunity value/cost of cash.