It’s time to look into home owners/rental insurance.

Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).

@Seth Williams I work in the group home industry.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

One said the 2nd mortgage has to be assumable and the other said it did not.VA issued Circular #26­24­17 back in August to try and clear up the issue:Assumability: If the secondary borrowing is not assumable, the holder of the VA guaranteed loan should counsel the assumer that this may restrict their ability to sell the property to another creditworthy assumer through an assumption in the future.The lender currently servicing the loan still can decide whether or not they'll allow the 2nd.You could do seller financing for the gap and then refinance just that amount with a Home Equity Loan or Line of Credit at some point down the road. 

When you want to exchange in to a property that might make the perfect retirement home in the future. 

Hello, I am looking to place a new manufactured home (likely a 3/2 built by Clayton) on land in a growing market.

WOW.. 40k plus deposits on a home to be built.. ??? 

Even if you use piers, they are usually concrete (which is OK for most lenders), steel or wood on concrete.

You really should never leverage the home you live in.