I considered suing for non-performance but felt the hassle of doing so would not be worth the benefit.I'm still hopeful and looking in the Flint market, I just would not use them to do so.

I'll check it out!

That being said, I have no idea what the land by the airport is worth or what they will be able to do with it. 

Hey everyone, for my first flip, is a fire damaged house worth it (purchase price 40k-50k 3br).

Quote from @Louis Hamilton: The property is worth around 800,000 and has no mortgage on it.

That being said, there won't be any down payment required since you have equity (you're guessing ~55,000 but I wasn't sure if you were meaning the property is ballpark worth ~$175,000, or more than that). 

Check your local laws to see when rent is actually late. 

If you hate the process of placing tenants, it may be worth it to hire a property manager to handle tenant placement for you.I think finding a new tenant is a better long term strategy if you're confident you can find a higher quality tenant that will cause you fewer headaches.

If you're insuring a home to replacement cost, insurance companies don't care about appraisals or what the home is worth.  

You should check with them.