Building costs to remain high - The 2008 financial crisis knocked a lot of great builders and contractors out of the business, and the supply of construction labor has not recovered nearly enough for demand.

I am a recovering expertise Monetization Strategist (digital content/products, books and programs)- got a corporate job while I figured things out and now that I realized Real Estate is my thing - will keep said job - while I get my first few deals under my belt and get my RE biz going. 

The initial negative cash position consumes the initial cash flow to recover the negative position.  

That's just money you will never recover......In my humble opinion....this advise is worth exactly what you paid for it.

The location may take years to recover, or it may never recover.

Turn overs are ROI killers and it can take a long time to recover from a turn over.  

It will take you 4 more years to after you recover your costs to get to that same point.This means, looking at this from the point/value of property worth (to you) after rehab, it will take you almost 1 years of holding the property to get to the same point you would be at if your sold.If you refi, you're NOT getting your money back...your paying for it by buying the banks money. 

I want to acknowledge that paying $900 out of pocket will impact each LL differently...for some it may take months to recover and for others it's not a big deal.

I think you are in a financial situation that you can recover if you take a hit.

(Afterwards he went hiking close by me in the mountains) He was thorough and knowledgeable and explained to me that while half of my system was used up if I fixed what was going on with it using a regular septic company it should last another 20-25 years because it would begin functioning properly and the full side would recover partially and be somewhat usable to work in tandem with the other “good” side again.