We DO have cash on hand, but mostly consider it to be an emergency fund.

A property manager can also handle emergencies and ensure that your properties are in compliance with all local laws and regulations.2.

New to the whole forum thing and just emerged from the YT rabbit hole that is REI.

You can change your mind and switch back and forth at any point6) Supplement your emergency / down payment fund - By combining the diversity and income options you can create an emergency or down payment fund.  

@Lena S.For a gas emergency?

But make sure you find it all - you don't want to seal the place back up and have that smell re-emerge come summer/more humid months.1) tear it out down to the subfloor and/or the drywall down to the studs (snap a line at a 4' mark to waste less drywall)2) nightly ozone machine usage - READ THE INSTRUCTIONS - these things will kill any/all living things inside the house - plants, animals, you.

Is there such a thing called an emergency eviction?

keep at least $5K set aside for these emergencies.

Current cash for this deal is $56k for down payment, and I have an additional $15k for emergencies. 3.5% down would be $36k and the other $20k for closing costs and other fees. 

What you are proposing will take more than the $100k you have access to, and those funds I would consider as "emergency only'" money.