However, I have used TSP loans on three occasions to purchase real estate.

Kind of running in circles on this dilemma and would love to get your opinion on this.When using @Michael Blank 's calculator (which is a state of the art weapon) i see the "deposit to replacement reserve" line item in the EXPENSES box, but there is no CAPEX line item.

Look up Michael Blank online.  

@Brandon Turner and @David Greene have mentioned on several occasions that "rockstars hangout with rockstars."  

Make sure you have current wis legal blank leases.Get the special provisions documents.

I have also dealt with the City of Columbia on several occasions regarding the conformity of MFH with a long vacancy.

Although we will likely not use the property ourselves as we are in California, my partner, who lives on the east coast does plan to use it on occasion for vacation from time to time. 

For any unanswered questions, go to a meetup and network and get up with someone who is actually doing it, and I'm sure they can fill in the blanks.

Value Range: $65,790 - $125,325Sale Date: 02/16/2016Rec Date: 02/24/2016Sale Price: $87,006Status: DefaultDoc Type: Notice Of SaleUnpaid:  (THIS WAS BLANK)Open Liens - Current OwnerOwner 1:                                                                  Combined Loan To Value: 89%Owner 2:                                                                  Estimated Equity: $10,128

So here it is point blank bought a beautiful 3 bed/2.5 bath house in a remarkable development built in 2006.