Rebuild Loans on family owned land...My options??

[Jay Dewberry]

I have a family member that owns a small, dilapidated home on three acres of land. She wants to tear down the home to build a new one to serve as a rental property.  I wanted to know if there were lending programs that will allow her to build/rebuild a new home for the purpose of renting, even if she has to reside in it for a year(as some loans do)? She is a veteran and the property is in a rural part of Georgia. Thanks in advance for any direction you can point me to.