I made the mistake earlier of choosing a structure first, then trying to fit what I was doing into it - no bueno. 

If there are pieces that are already falling apart, then your best choice is to put vinyl on top.

It's the fit that matters.So be careful about generalizations. 

So if the purchase price was $90k and the renovations were $10k, then your downpayment would be $5k....you would need to add closing costs on top but that's the concept at least. 

There is no need for you to argue with your tenant - perhaps he is not a good fit or wasn't vetted right. 

They claim they are technology company as Wall Street investors are willing to pay top price and speculate they will change the way we do business.

My base without bonuses would support a 41% DTI payment on roughly a $500M purchase.Essentially I would use the equity lines to reduce the amount financed on a new 30 year VA loan for the new purchase by paying down the purchase price off the top, which is why opening my VA eligibility seems so important.  

Sorry, I picked a applicant that was a better fit.

An investor that had bought at the top of the market pre 2008 crash in Indianapolis or Kansas City would have recovered any loss in value in 5 years and today would own the property free and clear and have their equity and great cash flow for their retirement.

The Absentee Homeowner with Equity is tried and true, but the Atlanta area is fairly active with investors, so you might be adding your mail on top of several others that the owner has received.You might consider Seniors with 20+ Year Ownership.