Staff - Hire a PT employee to do a daily walk through, sweep units and help with renters who need onsite assistance7.

They are acting as the Property Manager in this case, rather than hiring a 3rd party property manager and acting as an Asset Manager? 

Have the lender hire a new appraiser

Or, hire a mortgage servicing company some of which would send out foreclosure letters and enforce and start debt collection process etcHow the best way to handle the no insurance coverage issue and tenant not paying property tax once for all ?

When you write your letter to the lender, include how much funds you have, your goals, what you own and that you will be hiring xyz property management to manage the property for you 

., you'll be doing the smart thing and hiring a property manager, even if tenants aren't paying because it's not for their sake but for the sake of the property and for you.

If you plan to move away in 2 years and not hire a property manager, your time horizon looks like 2 years to a sale.Do you still want to be a landlord?

You trust your new 'team' on the ground.You have no idea how to manage a property with the low quality tenants.You buy in an area no PM will manage,You hire a PM that takes what little money is paid for rent for expenses or fees.What can not go wrong?

So I've considered paying a friend say $50 a tour for getting a vacant unit leased and hiring contractors for repairs that come up when the unit is occupied since the tenant can let them in.

@Jack B.At what level of cashflow did you hire a CPA?