Reach out to each tenant and say that you wanted to touch base as you noticed they were late on their rent this past month.  

I have a large cash, equity and asset base, (6 figures).

You can defer the payments, forbearance, income based repayment, etc as you continue to build up your business.

I ran the deal through my analyzer and based on your GSI and using 40% in operating expenses (Vacancy, Property Management, R&M, Taxes, Insurance, CAPEX), this is what I came up with.

This seems like a decent return based on what I paid.

Example: Purchase 25k 972 sqft with mild rehab ($60sqft for gut) Figure that your rehab is going to cost around 50kIf your AR= 120,000 that would mean the bank is willing to give you 90kYou would be able to have 100% of the property financed and around 10k profit after fees/costIf you need me to get better numbers I would be willing to have a conversation with you and get my numbers tighter based on that area. 

I'm the co-owner of The Construction Guys based in SLC.

If I were you, I wouldn't offer anything based on the info here.  

It's going to very greatly based on your exact goals.I recommend starting off by reading The Book on Rental Property Investing by @Brandon Turner.

This is my preferred method based on the judicial system being far too slow.