In event purchaser fails or refuses to comply with terms of sale within 20 days from close of bidding, deposit shall be forfeited and applied first to costs and then to Plaintiff's debt , and the Master shall forthwith re-advertise and resell said property upon the same terms on some subsequent sales day at the risk of former purchaser until obtaining full compliance with sale.

You could break down your paper like this:1) Background - banking crisis, banks not being as willing to lend, how lending criteria changed2) Overview of creative financing methods with subsequent sections going more into depth on each one3) Hard money - what is it, how did it get started, how people find lenders, what lenders charge, and why people use it4) Private lending - what it is, how people find private lenders, why people would go to friends and family for real estate investing5) Peer-to-peer lending - sites like Lending Club and Prosper6) Credit cards - using cash advances, 0% balance transfer offers7) CrowdfundingYou could more than easily write 100 pages on the above topic. 

As @Jaysen Medhurst mentioned, I would factor in some initial repairs/rehab work, which should subsequently allow you to increase rent.

I was subsequently told the dog was evicted, but I don't know if the owner followed the dog out the door or was allowed to stay.

Manager shall have the right to assign this Lease to a subsequent owner of the Premises.

This is obviously not feasible, sustainable or deflationary and creates a further risk escalation in the intensity of a subsequent decline in confidence or ramifications.

The portfolio lender is the "commercial lender," in this case and can free up the FNMA loans that are at or near the 10 properties limit or the portfolio/commecial lender can do as Grant suggests and be used for subsequent purchases as well and skill FNMA mortgages all together. 

Not sure what action might be taken, if you bought Owner / Occupant, and have subsequently vacated and converted to investment. 

Thanks Scott, that was quite helpful.To clarify- it was initially an 80/20 purchase, but it looks like there was a subsequent refi which appears to consolidate it into something approximating a 90/10.

Talk to them about everything you've done and what you still plan to do to bring up the property and subsequently the general neighborhood.