Without reinforcing stereotypes, when you observe the residents of this area, I think you'll understand where I'm coming from. 

Not sure why some overlooked your initial observation before responded. 

One observation that I’ve not seen mentioned above: you have $535 negative cash flow not a $535 monthly loss.  

Eliminating units with rent less than $1,000 seems to keep out the riffraff - kudos to @Alex Craig 's observation in that regard.Getting out of high rises.

Your point about open-ended exposure is a good one - didn't think about.My gnawing observation is that I have a product (housing) that some people are simply getting squeezed out of - they CAN'T get it, even from charities I might financially donate to because there simply isn't enough supply in the right areas.  

Deborah Burian -- do the professionals ever have a good idea of what is wrong without observing the foundation movement over a period of time?

I have attended several tax sales, only observing – purposely did not bring a cashiers check.

If they can observe traffic coming in and out of the house, they will make a larger quantity arrest and will build a great relationship with yourself and the PD.

Throughout this thread there seems to be some varying observations about how the 50% rule is used.

I'm sorry you are having these issues.I can certainly understand the conservative approach they are taking with this.However, and these are just my, non-lawyerly observations...While there is little to no case law acknowledging an option as a form of equitable title, there is case law acknowledging an option as a negotiable asset.