Yet, the city will receive a greater benefit when I reactivate the third unit after purchase.Signed,Mason Valenzuela

I apologize if any of my irritation over the opaqueness of that detail was poorly received.

We regret that wewere not able to rent to you at this time, for the following checked reason(s):  The rental was committed to another party at the time we received your application.  You indicated disinterest and/or declined our offer of the rental unit.  You tentatively qualified, but the rental was given to another party with equal orbetter rental qualifications, or to another qualified party that applied earlier.  You needed to meet our conditions on rent, deposit, co-signer, use, or other.  You did not provide requested documentation in a timely manner.  Previous landlord/other references failed to provide needed timely information.  We were not able to hold the rental until the date you were able to pay the depositand/or initial rent, assume tenancy, or meet other stipulated conditions.  You did not meet requirements on pets, occupancy, smoking, cars, or other terms.  You did not meet our standards for references, income, felony, credit, history, etc.  Your application was denied based upon a written credit report with optional FICOscore; directions to receive a copy may be obtained by contacting us below.  Your consumer/credit report did not contain sufficient information.  You submitted an incomplete, inaccurate, unclear, or unsigned application.  You did not provide a phone number, call back, or return our calls or emails.  You did not submit the required screening fee.  Other_____________________________________________________________.Submitted Screening Fee:  Since your submitted fee was used in the processing of your application, we regretthat we are not able to return any back to you  Since your submitted fee was not used in the processing of your application, we arereturning/refunding your payment totaling $ _________________.Federal and State guidelines limit us from giving further details other than name, address,and phone number of any consumer reporting agency resulting in denial (by contacting usbelow for a free report copy with right to dispute).

I am also not sure how I would receive Mail there being that it's not a registered unit. 

A neighbor of mine had received quotes for 5-10k for a small falling down shack

FCI charges $15 per month to service, and an additional $15 per month for escrow accounts.So for low value notes, with payments of only around $100-200 per month, doesn't this servicing fee represent a large amount of the actual interest received, to the point that the long term actual APR on investment is quite low or zero?

It's not the usual real estate transaction where you look to receive points or is it?

So I see no reason why they can't sell, because they are in good shape to do so.So far, instead of sending me a note tape, I have received their REO tape, all of which have already been assigned to a broker.  

@John P.The owner's policy you received at the time of purchase cannot be transferred to the next purchaser...a new policy would need to be purchased IF the buyer desires such coverage. 

It says you have 7 days to cancel the contract for any reason once you receive the disclosure.