You can represent yourself in court, yet trial lawyers have not disappeared.  

Since this is not big enough to be seen as a commercial property, they'll be looking at sold comps and won't give you a mortgage on something that appears to be 'under water'.

The house looked very worn, but nothing appeared to have been outrightly mistreated.

Insurance appears to be too high at $3000/yr.

I have located the DFWREI group which appears to meet every Saturday unless otherwise noted.

It appears as though, correct me if I'm wrong, you are basing the ARV off of Zillow comps? 

@Paul Roman There is no magic wand to make an extra $200/mo appear.  

There is usually NOTHING anyone can do most times (the only thing I'd say to agree with these statements is make sure the ball is always in the bank's court and get anything/everything back to them ASAP.

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You could likely be pulling in $1,250 a month or more.While I admire your loyalty, it appears that you are kinda taking a big hit monthly... which slightly defeats the purpose of investing.Also, I'm curious as to where your $110K number came from.