There's a LOT of hungry Realtors in any market center! 

The savings goes into buying real estate.I live on the west side off of Lucent Blvd and Town center.

Is there any way to recoup those funds that I used to close the loan since Center Street Lending didn't follow through on their part of the deal with the loan?

Buying in a city center tends to be more expensive.

I am writing a letter to the tenant informing him that he needs to file a new form with his Center authorizing OUR company to receive said letter approving these cats.

Need to make sure the OM is counting market vacancy and reasonable management fee to arrive at stated NOI otherwise appraiser will make adjustments and likely lender will alter loan terms.CMBS is usually not optimal for small deals like that retail center.

Henry, Douglas, Rockdale and Coweta County would be worth a look if you don't mind being a little further from city center. 

Have any of the questions centered around being LGBTQ friendly or about the area?

He will have the same problem whether he rents to a long-term tenant, short-term, arbitrage, master lease, daycare center, or whatever.Learn how to find a good property manager and let them handle it.

If places like Pilsen and Humboldt are too expensive, maybe try the area by United Center (getting better quick as West Loop pushes west), Bronzeville, Belmont-Cragin and Portage Park to the north.