Just wanted to confirm those #'s. 

I had the code inspector come out to check things out and he confirmed that it was indeed my house with the issue :(  He told me to put Drylock down. 

You also need cash reserves for capital expenses and vacancy.

I'd advise buying well valued stocks now and holding out for another year possibly longer for the real fire sale.I have seen zero indication of a Powell put, unlike Bernanke, Greenspan and Yellen who all felt that the Federal reserve should be the stock market hero.

Can I now file a detainee warrant and start the eviction process through courts - OR- do I need to re-serve another 30 day notice since tenant never signed for the eviction?

Have you confirmed your Refinance numbers with a lender?  

.- Furthermore, (apparently - i'm still confirming this with my prop mgmt company), our contract with the HAP Voucher Program stipulates that we have no recourse against the tenants for the HUD Programs' failure to pay "For reasons outside of their control". 

You need to do your own analysis and confirm that you can make a reasonable enough amount of money based on what you plan on doing with the property.

Reserve funds serve the purpose of a safety net.

Thanks for the confirmation @Jason DiClemente