Or rent for less long term.IF I can make this Lake Front property a successful 30 day furnished rental, it will allow help pay for my parents care in assisted living, and reduce the draw down on their savings (and preserve my inheritance). 

This is important because you should have an idea of which locations you'll be able to cashflow a property versus the neighborhoods where it may not be about a positive cashflow it may just be about reducing your mortgage by having tenants.Bottom line- Start your journey by researching the market before you move there so when it's time to pull the trigger you'll be making smart offers

I try to be courteous and spend tens of hours into my tax prep before I ever send them off to reduce the time and frustration of the person preparing my returns.

rather than drastically reducing the price and not profiting much?

If a seller does not have to sell, they will simply wait for better times before they reduce the price on their home.

I received an update from my accountant and it seems the timeline of events did provided some clarification and reduced my taxes by $6k from the original $16k. 

They follow state laws, or in the case of a VA loan, the borrowers entitlement will be reduced by the amount of the loss against the loan.

Just my opinion.Bethesda’s Clark Building Sells For $30M, 22% Of Its 2019 Price (bisnow.com)West Loop Landmark In Shadow Of Willis Tower Sells For Nearly 90% Discount (bisnow.com)Blackstone’s Defaulted NYC Office Loan for Sale at 50% Discount - Bloomberg

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

With Covid and the growth of virtual meetings the old line in person meetings have been greatly reduced in importance.