I'd start with an appeal to the city for a Grand-father clause. 

500-600 grand ?

There is an 18billion dollar gas plant that is being built in Brownsville on the Port and is expected to bring in 5k new jobs. https://gcaptain.com/nextdecade-finalizes-18-billion-investm...I'm also told that Rio grande valley is booming in growth around areas like Mcallen and brownsville. 

We did find a RE attorney from the Grand Rapids area that has structured a handful of similar land-contract projects and he will take the lead with the paperwork. 

Always.....ALWAYS....a grand behind.

Since the VA guarantee is really only worth maximum about 140 grand or so I think currently, each house would have to have been $300k or less in order for that to work.

Now dumping another 100 grand into the house could possibly put you behind the eight ball . 

You can have a grand total of around 430K in VA loans.  

This example property would bring a 58.12% Cash on Cash Return (absolute grand slam!).

spoke to a guy earlier this week that has started and sold several. noted if you do not have $2M to start with its probably going to be extremely challenging as you need to get to $200M in originations a year to really make it worth the while as there are specific staff like compliance etc. that are needed from the get go.Having started several businesses i have learned trying to do it with staff and only a few hundred grand will not work.Thats also thing with loan officers, most states now require them to be W2 not 1099.