I am self employed but want to build a spec home using the equity in my house as collateral.

Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!

Also, would a home warranty be a smart move?

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

Purchase price: $8,000 Cash invested: $20,000 In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 as a home for my mother, though she wasn’t thrilled about it.

They want to keep the note long term but want to leverage or recapitalize using hypothecation (similar to #3 on Chris's list but with notes rather than homes). 

While we need massive reform in lending and solutions for home affordability, that ain't it. 

Only experience is renting out my first home in Springfield, VA when I was in the Navy.

I would suggest to sell the condo and reinvest into a single family home. 

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).