@Michael NotoThey barely can afford the deposit so it’s tough to find a Sec 8 tenant able to pay deposit and first months rent. 2 months is just the standard for getting setup on the program and getting the first check.

@Jenny Roman Question is there a standard on the sales %?

You also can't do a rehab with the standard FHA loan, the 203b.

I think the previous owner installed them himself so I would guess no permits were pulled.After doing more research, at a minimum it looks like I'd need to fill the large pond to be no more than 18" since there is no fence and that seems to be a pretty standard requirement.

Can you pitch a target market as a standard of practice?

Hire a contractor to give you a bid for how much it'd cost to get the unit up to comparable standards.

What I see more is people taking a standard construction loan and converting it to a VA loan (“2-Time Close” Loan).

All the stuff the guy above and I said is pretty standard stuff one should know before leaping into things.

You could just have an agent look it over if its a standard contract/boiler plate form.

Then they might give an opinion if this is salvageable with your current tenants or they need to go.If you get the current tenants out try to make sure the unit is rent ready for the majority of quality renters standards next time.No legal advice or opinions given.