Are the rents simply to high even in a rising market?

Just because a property is paid for doesn't mean it's for sale, mine aren't.In my area, we have sign ordinances, bandit signs simply show who is will to break laws in their business practices, if they are willing to break those ordinances, what other ordinances or laws are they willing the violate as well.

The rehab is without fear because I will simply assume worst case scenarios, something that every average rehabber is scared of, "what is behind the walls" or "the unknown".

A concrete saw down each side or where it is cuts down on repour  and is much cleaner. 

I am an OTR truck driver who came on the road to cut out all expenses and save up for a career in aviation as a pilot.  

Based on the parts costs for each of the multiple control boards that could be the problem (dryer apparently has three) I think I'll opt to simply buy a new unit that I know will work rather than risk throwing good money after bad.  

Kind of a like a cash-for-keys.But if that doesn't work and he is not willing to play ball (pay late fee) then it seems pretty clear cut.

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I think the first step should be to make your personal financial statements (balance sheet and income statement), this will not only be useful should the loan officer ask for it, but will also give you an idea of where your money is going and where you can cut back on your spending.  

Yeah as I start to hear more and more about people buying houses around $50k-$80k I realize that the East Side is really not the place to do that simply because housing prices are very high.