Reserves remain in that account, rent is deposited into that account, etc.

The real estate market is strong with property value remaining high. 

@Naresh Achary Vadla- thanks ...ask your CPA for opinion / options ....if you sell for approx  1 mill - your nest proceeds  will be lower than you think ... if you are not interested  in remaining a landlord- sell ...if no need for funds and being a landlord is OK -  keep renting it . 

Amazingly, the bank holding our note AGREED to allow the note to remain in place after we sold the property and allow us to do a “wrap” (the bank has done significant business with us, and obviously wants to continue the relationship).  

Even USFS leases are subject to sales.How certain do you feel that this lease will remain in place for the 30 years?

Similarly Market Supply has remained at a more healthy value, but is not indicating any issue or distress of the market.

However, the terms of the current lease will remain the same (rent amount, fees, end date of lease..,) The realtor suggested to get a new lease from me everything the same but now month to month.

When you apply for a home loan we only look at the monthly payment and on student loans we only hit you with .50% of the payment or in some cases if it is deferred for 12 months we can ignore it all together depending on the program you choose, for example; FHA, Fannie Mae, Portfolio etc.Another trick is if the installment loan on a car/vehicle only has (10) months of payments remaining or less we can "Omit" it all together.

What I’m hoping to do is use the rest of my remaining VA Loan entitlement (roughly 450k) to get pre approved and put an offer on a primary residence in Tampa/St.

Despite the setback, Partner Driven remains committed to navigating challenges and ensuring successful outcomes for our partners.