He will finance building the house. this can be done however you want -  my recommendation where I see things go wrong is everyone is high and drinking the kool aid when they go into these deals thinking they are going to be making all this money.

Any suggestions are highly appreciated. :)TS

But if you buy a property low enough and value comes in high after the repairs, you could take out most of your money that you put down when you  refinance. 

I’m currently flipping an older brick single family home in central PA - 2700 sq ft, 4 BR 2.5 BA with ARV around $290,000 which is fairly high in my area.

@Jason Wray I would highly suggest speaking with the VA on this topic directly.  

I paid close to asking, I didn't need to negotiate, it was listed at a great price and I knew this property would be in high demand.

The interest rates are too high to support this unless one of those local markets has a little extra inventory.

This morning I was able to get a Veteran approved who had a bunch of credit issues, foreclosure 4 years ago, overdraft fees in his bank account, negative bank balance, high debt ratios and a whole host of other challenges.

I highly encourage you to attend the next REI Central meeting on August 1st 6-8 pm at Palmetto Brewing Co 289 Huger St Charleston, SC 29403. 

What is the time on market for rent right now currently for duplexes in that neighborhood and is your monthly asking price high, average, or low for the area.