When you said  "New Construction" I was assuming, wrongly" that you meant buying a newly constructed home and perhaps thinking you were getting some kind of bargain that created equity. 

We've successfully used Mid South Home Rentals (division of Enterprise Realty, Arlington,Tn.) for 11 years now to manage our 24 doors of SFRs, duplexes, & 10 unit apartment..   

Are you looking to find a home to buy for yourself to live in? 

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. 

Part of this is due to marketing and pre-marketing of the home - an agent is your marketer.

If we price the home based on what they thought they could get for it, it will sit for weeks/months.

Watch out for what gets deducted in home warranty or concessions but those will be in offers you accept. 

The checking account can act as the home for the funds until you deploy the money into and investment, then all expenses and returns flow from and into that checking account that you control. 

Lush decor has colorful curtains.  

If they don't NEED the money for a down payment elsewhere, the income could certainly fund their payment at a new home, rental or retirement home.