Instead of moving into another single-family home, consider house hacking a duplex or triplex, this allows you to use low down payment loans (FHA, conventional) and offset your mortgage with rental income, accelerating your path to financial freedom.

When researching online, it looks there are some instances where non-vets can assume VA loans, but the veteran's entitlement would remain tied to the loan.How common is this and are there ever situations when this a win-win for both sides?

Guess I have never been in this situation

The best ideas are the ones that make financial sense.One opinion...hope this helps (and that you're warm in this crazy weather we're having here in Florida).Best.

Could you provide guidance on how to navigate this situation from both a tax and mortgage perspective so I won't have issues getting my next property?

Hello, my husband and I are currently in the same situation as you when you posted this and I was wondering if you ended up using a heloc to fund your new build?

Any advice for the situation would be much appreciated!!! 

Here in Chicago, you should expect a range from $200-$275/SF, depending on the location, experience, labor, and material finish level.Are you in a position where you already own some land, or what is your current situation?

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