I had started by focusing on areas in the West End (Short Pump, Tuckahoe Village, Wyndham, Innsbrook & Glen Allen etc) looking for properties in good school districts where I could focus on attracting young families, looking for good school districts that did not have the down payment to buy in to the neighborhoods. 

The tenants are not responsive and I have found out that it is a waiting period.

In short, what differentiates me from my competition is my adaptability and my compassionate nature.

You can also take a further deduction for rebuilding your now-depleted reserves, but that has to be over a reasonable period of time as well.So you will be paying tax on ordinary income to the extent you pulled money out of the (properly established and safeguarded) reserve account less the amortized expense and a smallish deduction for that year’s contribution to rebuild reserves.

Pulled through and shortly will be able to occupy.

I will be setting up time to talk to him shortly myself. 

I am using the extended due diligence period to get the most accurate renovation estimate as possible.

Period.

Hi Pedro, with that much liquidity, I would look at buying a short term rental or rent out your current house and buy another.

Hello and Welcome @Mike Clary I have a short term rental spreadsheet if you'd like a copy of it.