So for all these reasons, I did not feel comfortable with moving ahead. 

Its Detroit I assume you made at least 20% net, so now pay this and your still way ahead of the game 

Make sure you discuss the logistics of taking draws with your lenders ahead of time so they give you the green light.This is in fact something that can be done and investors do.

If you knew ahead of time, you did not comply with Sight distances, that should have been front and center prior to moving forward with any plans. 

We advance the rehab upfront, ahead of the work. 

Would you be further ahead if you sold the vacant unit (ie get money quickly)?

Gone are the pre-2020 gold rush days of low rates and huge appreciation. 

Of course someone will say buy 10 of them and rent that out but most condos in todays market in major cities require at least 50% down to break even and like the real world example I gave, buying turns out to cost twice as much as renting at present meaning since the mortgage for the new owner is $4800 and renting that same unit is $2,400, you can invest the difference and come out ahead in in the 10 year example I gave.

Even though we were quoted so much higher than the others at that time, we went ahead and went through Wealthability.

For monthly rent payment, do you usually have it due by the first day of each month or pay in advance like one week ahead of time?