The GC/Broker was providing vastly over-stated property valuations to justify the investments by EquityBuild and their investors, to subsequently be able to send the construction work to their sister company.

They are grossly misunderstood and subsequently miss used by the populous at large.    

As a final follow-up, please see my subsequent email correspondence with my tenant. 

I completed an informal pilot of the mentoring program, which I found very helpful, and subsequently volunteered to coordinate the Developers' Network.

@Joshua Dorkin HI Jarrod,Your concern seems to have two parts:1) DTI - debt to income qualification issue - you can either bring on a spouse for more income, rent out the prior house to create income to offest the prior home's payment, or other strategies2) VA eligibility for second and subsequent use --  If you're in a 417k limit area and you use 262 then that approximately means you'll have 155k or percentage use of the VA entitlement remaining. 155k / 417k limit or about 37.17% of a county's entitlement left.

Now, I see he may have been talking about abandoning the subsequent monetary judgment trial.If he has already completed the eviction trial, I personally don't chase after every dime owed me by a deadbeat evicted tenant. 

Action to foreclose right to redeem; subsequent certificates of purchase by assignment 42-18202.

The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.15.

Never allow tenant to perform repairs:doesn't matter if they have skills or notyou lost control of repair qualityyou have no recourse if there's subsequent issues with the repairissue of insurance if injured during the workand when tenants perform UNPAID LABOR, you can be in a world of hurt with State Labor Board if there's ever a law suit, aka Eviction or Small Claims

All this said assumes you can afford your payments and the subsequent debt service you'd take on with an investment property.