The plant has added no value to the area during this time but rather has served as wasted space and an eyesore for residents.

With experience spanning nearly every aspect of real estate—except direct title work—I’ve had the opportunity to work closely with many talented vendors in the Indianapolis area.Today, I’m on the vendor side at Trojan Roofing Company, where I continue to serve the local community.

I don't say that to be self-serving, being a lender.

Not having kids, the property served as a write off as i had moved into an apartment in Phoenix. 18 months after moving to Phoenix i purchased a single family home in which to live in Scottsdale, AZ.

RTC stands for "Over the Counter" which itself means, liens that were not sold at the original lien auction and are available no on  a first come first served basis at face value. 

My goal is also to retire at 50 as well.Your post serves as motivation to all.

the proceeds of this refi then serve as the downpayment on another property that cashflows.  

Both still have value, but you have to know you are looking at third or more serving options in these places.

Self-Serving Bias.

However, you must give both a 5 and 14 day notice (concurrently) which must be properly served, and it gets more technical from there.