Basically, he is able to avoid all the bank requirements and cut out the middle-man syndication. 

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

As we were moving stuff out I told him to put anything that was mostly metal off to the side , and we even cut off cords to lamps .

I'm closing on another property on Friday and I'm trying to decide if it's a waste of money 

Rent is Due on the 1st , On the second we send out N4 Notices as per the law here, after the N4 is served they have 14 days to pay if they pay the N4 is null and void if they do not pay on the 15th day I can start eviction..Eviction takes 30-45 days so why waste time?

Absent it being mandatory I would just go through with the eviction there are far too many good tenants out there looking for quality housing to waste time on one who burnt me.  

Don't waste any more time.

In particular, in desirable areas, for permanent/good financing, often 25% down doesn't cut it. 

I have cut out all music and have been listening to the podcast and audiobooks for the past week while I drive for work trying to gain as much information as I can.       

I'm completely fed up and I am trying to figure out if it's worth keeping to rent out or if I should just cut my losses and sell it.