There must of been a misunderstanding on his part, they don't have FHA police to see who's renting what units.

The problem here is that the prospectors of bygone days looking for gold were prepared with their maps, tool, labor, knowledge of mining .................. but today your real estate gold prospectors are not prepared, do not understand making offers, misunderstands assignments and ethical behavior, creative contracts, negotiations, hybrid offers, skinny contracts, Control & Roll and all it takes to get to settlement.  

Am I misunderstanding something? 

People misunderstand business because they think like employees. 

Also, I may be misunderstanding your post, but your RE agent tells you only nine comps have sold in the past year, and even then only at $95k?

Maybe I'm completely misunderstanding the structure of the 'crawl space' but you said there's 6-8" between the ground and the joists.

Ok, it's either my English is not good or some major misunderstanding keep popping out one after another.

Manolo and Aaron I think you both misunderstand what I'm trying to do here.  

It was a misunderstanding and miscommunication.

Ah, sorry for the misunderstanding.