A genteleman I know had 6 high end cabins that were lost in wild fires a few years back.

History shows that the median home prices will usually slow down in appreciation (like what is happening in SF and the Bay Area after years of wild appreciation) then flatten during an economic downturn rather than drop precipitously such as what occurred a decade ago.

Another wild misconception is...the reason people fail who've worked with a mentor is they quit, or didn't have the work ethic, or they did't "take action." 

I think once Doug hangs his licence, the office manager/owner will have a conversation about the risks and rewards in the wild, wacky, wonderful RE business. 

But, being older gives me the right to play along and make a wild guess. 30 yr fixed 95% LTV in 12/13 at 5.25%. 1/14 at 6.50% and 9.0% at the next presidential election.

Wild guess--Will Rogers?

The crowd goes wild.

I'm not familiar with Timmins as a rental market, so I'm guessing $2,800/month for all 3 units is wildly generous, incredibly stingy, or somewhere in-between. 

That varies wildly with brokerages. 

You could track them down and threaten them or wave your arms wildly or plead that the unpaid rent is costing your mother that heart transplant you've been saving up for...but the tenant won't care.My recommendation is that you turn the unit around ASAP, get it rented, and move on.If your tenant caused $1,800 in cleaning and repairing, you may want to raise your screening standards for the next one.