I invested about $4000 in paint, tile, repairs etc to get it ready to be shown.

Part of what you are describing is what they call an installment land contract.

@Jamie BanksI understand there are multiple parties: 1) displaced insurance policy holder (tenants)  2) ALE 3) The company that supplies all the furniture and install the washer and dryer. 

Turn on faucets, showers, look at how the toilets are installed, are they wobbly, EVERYTHING.

Use LVP flooring, it's cheaper than installing new hard wood floors and they're more durable for longevity purposes.

Quote from @Gregory Chadwell: I wonder if having a lead filter installed on the property might help the situation too? 

I just had to pay for and its being installed today a new HVAC at 11k.. on a property that I net 1k a month on .. there went a year of cash flow Poof.

It was built in 2002, and I renovated the entire flooring by removing the original tile and putting Vinyl flooring in, there is no carpet within the house.

Because the existing house was too low the developer followed the rough location of the old sewer line and installed a new sewer line to connect to the existing house. 

And preparing a building site and installing a driveway are further considerations if I even decide to build something there.