We are seeking advice on how we should handle this situation.More details: The rental was not listed until several days prior to closing as our agent indicated that he didn’t want it to span too long, and it was not convenient to show the property as he had to call/text the seller each time.

I have no idea what you mean here.I started out with 2 mil to invest, and your numbers indicate that I made 2 mil in cash flow over 20 years (lost value with inflation and I have to LIVE on that money), and when I sell the place I'll profit 422K.

The below article indicates Chicago will be selling vacant lots of land for $1 each to those who qualify, such as living on the same block.  

Short and medium term impact on the value of a flooded home is sustantial, and my research would indicate as much as 30% reduction in value from pre flood value.

For reference, here is my current default log with POL -- as indicated some of these have been non-performing for many months/years but there has been almost zero movement/action by the POL "asset management" team at resolving.

We are a marketing company that has both pre-auction properties (and I can tell you the Indicative Bid) or REO's.

Look for telltale white spots, efflorescence on the lower part of the basement walls that commonly indicate the regular intrusion of water.

When they miss their first payment they void the contract and steal you down payment.If you can't get financed that may be an indication that you can't afford it and should wait. 

There are strong indications that a neighboring property is in preforeclosure.

Past performance is not always an indicator of future performance, but the way the sponsor handles issues is usually a good indication of how they personally perform.