I lived in Arlington, VA the past ten years and before that, other places around the DC area.

I have 3 eager sellers and no investors. 2 are in Virginia and one is in NC.

My name is Ross Blankley, and I live in Fairmont, West Virginia.

I definitely recommend checking it out as it's been tremendously helpful for me.http://www.meetup.com/DC-MD-VA-Real-Estate-Investing-Meetup-Group/

Second, Are they available in Virginia?  

You can go out a rent yourself, and your rental will still count as a rental.If you are moving to Florida for a valid reason (new job, new business, be closer to parents, etc.) and can establish that this is not a strategic "move" (your child is enrolled in local school) you can buy a property in Florida as your primary residence.The rent credit will depend on your experience as a landlord and LTV of the outstanding loan.Hope this helps.Upen PatelMortgage Banker, VA Loan SpecialistNational Lender, Federal NMLS# 1374243

Hi, I am in Northern Virginia and doing a tear down and new construction project.

(Verbal acceptance is technically allowed in Maryland, but not in DC or Virginia, but most people will insist on the written ratification).If the Homepath status change is acceptable in your state, then your agent needs to point this out to the listing agent.

Just an FYI for those investing in the DMV (DC, Maryland and Virginia for those not in our area) that there is a new contract that will start being used on October 1, in theory.  

Besides that the equity you have in the property will be of no help, unless you can refi to actually get the cash out.Your best option would be to refi the 1st, so that you can get some cash to pay off the HELOC and maybe have some left over.Upen PatelMortgage Banker, VA Loan SpecialistNational Lender, Federal NMLS# 1374243