Recently after over a year of succesful payments a tenant payment was reversed for insufficient funds, according to buildiums (R01) return code, but they are certain the funds were available.

What's the use of the funds?

Will move our funds towards that market versus the "C" markets due to building cost increases. 

Here is our current dilemma that I'm hoping someone could provide some insight to: - We both have the funds to purchase the home with cash, but those funds are tied up in CD's until March, so we will need to apply for a loan in the meantime.

You could also explore a cash-out refinance to fund another investment.

This is rent minus mortgage PITI and property management fee 10% (I don't include capital expenses in that calculation since I already set aside a reserve fund and the HVAC and water heater are 5 years old.

This will give you buying power up to roughly $700k as there are plenty of lenders who ovver 90% LTC loans while offering 100% of rehab funds. 

I have everything and all legit charges, but at this point I just need her to send me a forwarding address so I can send her the remaining funds. 

Thank You We have a product that we fund out of our balance sheet with no seasoning for cash out.

Then you take those funds and roll them into the next deal all the while continuing to grow your investment.