You need a specialist who will look at both the removal of negative items and help you build credit.

So now im left we the wrong insurance coverage and $5000 in losses. 

This coverage is meant to cover increased costs when recovering from a loss.

Looking at your competition, what is their physical vacancy, their turnover (related, but not the same), evictions/bad debt, loss to rent (how many units are not renting at market), and concessions ("1-month free on annual lease).  

**A good piece of advice is to go back to company that you had the original claims (tornado loss) with and ask them to provide you "loss runs" this will be an official manuscript (sounds fancy, it's not) from the company that details the loss including the amount that was paid out.

What happens in a year or 2 or ten if the turnkey business is gone you are stuck with a property thousands of miles away with no control and as mentioned no way out without a loss 

And the previous day "you may want to reconsider that offer, they've just upgraded all these items..." having to do with my awesome, yet embarrassing, offer.  

You could actually see a loss from commissions/selling expenses unless it appreciates quickly between date of death and the sale day.2. that is up to you.

You will also want a policy that has business income protection, which means if the entire building were to burn down your loss of income would be replaced during the rebuilding and re-renting process.

Best thing to do is evict immediately upon non-payment, keep their security deposit to cover most of the losses, swallow your pride and eat the rest.