It recently dawned on me the idea of a non military affiliated individual assuming a VA loan, would this individual be able to then also gain the benefit of using an IRRRL since they have now acquired a VA loan through assumption?

I'm a new real estate investor just looking to get more knowledge on how FHA loans work.

He has pretty much no support - it's just him, no group or ways to connect with other students.   

Little cabins have very little value.Maybe try for a commercial loan as a business?

While this might not fetch the top dollar, it could result in a quicker sale at a reasonable price.Consider Renovation Loan Options: If you believe the house has significant potential value once fixed up, exploring renovation loan options like an FHA 203(k) could be an option.

If the lender is licensed in the state you're buying in, then they can do the loan.

Bank loan How did you add value to the deal?

From a $ perspective you get the same amount of appreciation, depreciation, loan pay down, but here you have cashflow and if if a tenant moves out, you are only 50% vacant instead of 100% vacant.- Generally the same logic applies as above.  

Bank loan How did you add value to the deal?

Buy, even if you don't plan on staying in that 1st house in Cleveland permanently you can just use an FHA loan live there for a year and turn it into a rental afterwards.