It's also trying to curb granting short sales to people who have resources available to continue paying unwanted mortgages.

I am sure this will boost my credit score dramatically and I would like to know if there is a way to add this account to my credit.

While you don't get the tax advantages, finding a a cash-flow property to boost your retirement is a popular strategy and I have not heard anyone say anything negative about it.

You have good credit and some funds for a down payment, but you sound like you could use a boost to your income... so finding a multifamily property that allows your tenants to cover your living costs (and maybe a little more) would be great.

I should be OK on cashflow for a little while which I should should create a short term boost having someone lucked out a few investments. 

Have you seen the redevelopment plans posted on Curbed.

Even if we take a minor loss on the first property, if that comes with learning a lot of the process and the do's and dont's, I think we would be fine with that (Fall off a curb, not a cliff reference that I'm listening to now haha).  

@Justin Silverio , all the above plus...see what will be required for the new road- is there a new curb cut, hydrant, lighting, sidewalk requirements and are they accounted for on the drawings?

I will invest in re-developing US markets and cities that are on pace to see a boost in their economies.

This will give me an SEO boost right around the time people are booking for the holidays.