How do you run a Death Penalty Dynasty?

[johntom2000]

I read alot of these and they sound like fun. Plus I am bored with my current one (70-10).

What are the rules?
Can I do a custom schedule or do I leave it alone?
Do I use E. Mich roster template?
When recuriting, only 1* and 2*?
when can I go for higher players and add transfers?

I take it I would be more funner to gut with a higher ranked team.


Thanks,

John