@Jason Velie will know exactly what to do in this situation.

Check out this podcast from BP, with Dave Meyer and Chris Clothier from Nov.we work with clients all the time in your situation and can help strategize your portfolio to reach your 10-15 year goals!

I find that automation often adds more complexity and time to a given situation rather than helping you save time.

Assuming an only child situation where you’re not screwing a sibling.

You might consider other strategies, like taking a home equity loan or refinancing to fund repairs, but consulting with a tax professional or CPA would be the best next step for your specific situation. 

However I do have a few other ideas but I would need to know a bit more about your situation, timeframe, overall financial objectives.

Quote from @Garry Lawrence: I need advice on a serious situation involving a property I’m about to buy.

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

PachalAUTHOR · CONSULTANT · SPEAKER · COACH · INVESTORSubject2Institute.comGood post, very touchy situation.  

I have had previous requests for help with this situation, and that's the advice I consistently offer.