I wouldn't have preapproved you based on what I've read without having my local underwriting manager (the boss of the actual decision making underwriter) take a look and sign off in writing.She hasn't done that, and this isn't my deal either from the start or as a pick-me-up, so I will decline to answer either way.

The Chicago region's decline extended to the state.

Yup, as I thought but their paperwork says they may decline or change their minds at any time. 

I bought it with cash for 34K after the housing bubble burst.Tenant has crappy to so-so credit.Tenant is semi-self employed, with temp jobs in off seasonTenant most likely has no savingsI don't want to financeI don't want to do rent to ownAlso I'm debating about doing some improvements to the property (new roof, maybe add A/C), since the value of the house, after years of declining, is now going up, because two vacant houses on both side of my house are finally repaired and occupied.

Yet, as decedents get wealthier, all three of these categories decline noticeably. ...On the other hand, as wealth level increases, so too does the relative value of art, closely held stock and other limited partnerships..."

@David Faulkner As I said in my response, the economic and demographics are what sets Indianapolis and Kansas City apart from the other 9 markets that Max Householder asked about that have either stagnant or declining populations and jobs.

He offered me a silly $3,000 credit, which I quickly declined.

Here's what I learned-1) The fire department declined the practice. 

The SFRs also seem to appreciate at a better rate, while condos tend to be the last to appreciate and the first to decline in a bad market.  

However, the longer you hold the property a.) hopefully rents rise and b.) the percent of the mortgage going to interest declines.