I imagine there are more neglected homes like this with some potential in your area.

Owned land is being sold at near building cost or a bit above building above cost (this is CA mountain building costs).  

I plan to raze a house I own in SD county and build a quadplex on this one parcel. 

I had a drafted reply to you and still working on this deal. 

The LTV ratio must be:75% or less, if the seasoning of the mortgage loan is between two and five years.80% or less, if the seasoning of the mortgage loan is greater than five years.Hope this helps! 

I have debated on making this post for a few months now but decided to try and see if anyone can help.

Sorry to see this!

My team is also well connected to this sector of the industry allowing us to be experts in Land listings as well as have access to numerous Off-Market Listings.

One month prior to this, their water bill was abnormally high.

Maybe your situation is different and if you don’t feel comfortable in the neighborhood then this may be a moot point anyway.As for FHA, my understanding is that you must intend to live in the house for a year  it sounds like you did intend to, but due to unexpected circumstances- lead exposure and unexpected unsafe neighborhood- you have to move.