Now here comes the but, you had the opportunity to collect it and waved it (you gave up collection opportunity and gave them a get out of jail free card), albeit they likely would not pay you and would love you to wave it so they don’t have a mark against them.If you are in the midst of eviction I would continue with it.

I think my lack of knowledge in estimating rehab costs is an area that I do have to work on.Thank you for your continued communication and useful information.  :-)

You will likely have to evict the offending tenant, or at least threaten to do so if he continues to allow unauthorized guests.

When you say the lien won't change, that means I would continue to pay the mortgages from my personal bank account or can I pay them from my business bank account or does that matter you think? 

Complete How To Figure Your Gain or Loss Worksheet.If the business or rental space wasn’t within your living space, such as a first-floor store with residence, an apartment with its own entrance (and kitchen and bath), or a working farm with a farmhouse on the property, continue to Determine whether the business"hope that helps. 

@Alexander Felice thank you for your advice, I will continue to obtain knowledge and become an subject matter expert and I’ll take your advice and start networking and building partnerships.

I look forward to continuing to read all of your insightful experiences and takeaways in the forums and hope one day I can build up enough experience to provide the same.  

Should we continue renting (4k per month) and invest our liquid cash elsewhere till the market turns?

If you are pleased with the services you received, you're more likely to use that agent again.This can be tough in a young REI career so I'd recommend getting an older agent, someone with a lot of experience and then you should also continue to ask questions on here to get multiple perspectives.

Another possible strategy is to refinance your old home with another loan to clear our your VA eligibility, continue renting it, purchase another home at current duty station with full VA eligibility +funding fee and repeat when you PCS again.