I'm learning more about loans and such as I used the VA.

And could even get a second home loan if doing traditional financing.

Well it is doing loans for folks who bought sight unseen and trusted contractors/turnkey providers who sell the dream but in the end do the absolute min in rehab work (even though charge for a much better job) and/or sell a buyer on a class B type neighborhood that is  reality a class D neighborhood in an already low income town.

The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate. 

Even 600k loan at 10% interest costs $165 a day.

Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

More doors the better if you are using an FHA type of loan.

Just sell and pay off that loan or two.

You borrowed $388k and you’ve paid your loan down to $384k with your $30k in payments.

We use a construction loan to build a 4bed 4 bath cabin.