The VA loan considers 1-4 unit properties as the same thing, so as long as you plan to occupy the 4plex you want to buy next year as your primary residence (which would mean selling moms house that you inherited, or turning that house into a rental). 

I am originally from the Monterey Bay, but currently reside in the South Bay Los Angeles/ Long Beach area.I was raised “on the fence”, in the sense that I was exposed to much prosperity and poverty growing up.

Can there be an owner still living in the residence if its been been foreclosed? 

We purchased our primary residence about a year ago and have been building out a basement apartment we will be renting out to my mother in law.

My residence is also on 5 acre minimum parcels, but with the growth that is occurring in my area, I anticipate the zoning will be changing.

I have equity in my primary residents, so I plan to start with that.I owe about $124k and it should be worth 165 - 175.

I’m a US citizen/Canadian resident. 

The only real issue I've been seeing is that there is somewhat of a backlash from the community that currently resides there pre-gentrification.

Now hes not looking at this like any flippers on BP would, hes not trying to make a huge profit but more so save his residence and come out ahead with a slight discount. 

The original loan related expenses are not added to the basis of the property. the points that you paid on the first mortgages was deductible then because it was for the purchase of the primary residence.