Hello BP community!I'm Jason. I'm in my late 30's, married with a baby. We live in a home with a detached mother-in-law rental. I've enjoyed being a micro-landlord and the rental income has allowed us to live nearly m...

My lender says the property needs to be move in ready, but I’m rolling the dice.

No pictures of the inside.I've requested the rent rolls and last two years of expenses and I'll post them when I get them.

Great way to get rolling and since you are paying cash for everything you don't have to worry about credit - AND - you will sleep well at night because everything is paid for. 

Great way to get rolling in real estate and since you are paying cash for everything you don't have to worry about credit - AND - you will sleep well at night because everything is paid for. 

So making sure you have enough cash to keep the ball rolling is super important.Finding any lender who will lend at this amount will be a challenge. 

I am wanting to roll it into a VA loan after construction is complete.

Can't you roll your IRA over to a Self-Directed IRA, take money out of there in the amount of your renovation budget, and then be allowed to deposit 100% of the profit of that property sale into that IRA, to be used for your next investment, tax-free/tax-deferred? 

That might put you in a position to purchase a property that needs some work, but that could be rolled into the loan.Partnering and/or house hacking is a good option as well.

Doing so may give you an equity position in your current property that you can use to roll over into the purchase of another property.