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. 

We're not aware of anyone that's made a purchase from them work in over 3 years:(Most of the incentives in Detroit are targeted to owners that will live in their home or developers targeting large projects.

Ask questions and get good at determining motivation and inspecting homes. 

your going to have a hard time talking someone who owns a home in Sausalito to lease it to you with an option to purchase.

Quote from @Matt Smith: Quote from @Malek Bohsali: Where you're located, are you required to comply with today's standards for the entire home or only for the renovated parts of the property?

This is the best way to get into home ownership and real estate investing in my opinion.

What are some key tips and websites that you know about that I can use in terms of RE Financing?

This was on a 'luxury' home."

And the great thing about many older homes in the area is they often have a layout that makes these conversions relatively straightforward. 

It generally refers to removing the tenant from the home while a lease is in place.