., PENFEN, Navy Federal), the LTV is generally 65 - 80%, and the caps will be lower. 

While I would love to be doing real estate full-time, I am still active duty in the US Navy for the next couple years and can only commit to real estate as a part-time business venture.

We are both Navy veterans and are working on the next chapter of our life.  

We fully enclosed an area in the large living room adding a closet and French door.

Her husband is in the Navy.

The major concerns where I feel we have leverage are 1) the roof needs replacing-there is wind damage 2) there is a slope towards the house which needs correcting (we think this can be fixed with a French drain) and 3) there is a giant tree right by the house with roots visible to the slab. 

Not a problem for us, we install French drains and sump pumps if we have to. 

The renovations will include adding a bathroom to the master suite upstairs and simply adding french doors to an existing room to make a 3rd bedroom.

Navy Federal Credit Union also wants to charge for a loan application fee and start going through that process. 

Or are we talking digging out a trench around the perimeter of the property to spray foam and dig French drains?