Then we had really bad rain, it caused a leak, which lead to a few pieces of dry wall getting mold so we fixed the leak, treated the mold and replaced the drywall. 

Section 8 housing HUD funding seems to have dried up, even though a formal disbanding of the program has not been announced.  

No one is out to get our Vets in trouble, so it would have to be very cut and dry.  

I’ve never heard of asbestos being in rotted wood and old paint. 

While that's drying, paint the walls and trim.

there are moral and ethical arguments in this scenario that your glossing over..were it becomes illegal Is as I stated the bad people get in there rip the rents and never pay and leave the poor seller out to dry..

Cash is what you need in that kind of melt down but I never had seen credit freeze like that before and hopefully never will.For me if I was thinking there was going to be another market correction of that magnitude I would have my powder dry and  have my commercial bank in tow.. my one major commercial bank stuck with me and kept our credit in the mid 7 figures but we were on 90 day reviews full financial every 90 days.. it was an odd time.  

Definatly looks like manufactured home dry wall without the joint strips. 

Your original pot of cash will eventually dry up.

All components rotted with worn finish .Unknown foundation status , with uprights set on blocks and wood.