You can make a request directly to the carrier and they may be able to reduce the value.

Hopefully its something like LVP and you have some spare planks on hand to reduce the cost.

If you decided to move but not sell the property, you will have reduced or no VA benefit available on the next property that you purchase.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

For the example above the lot was sold for $800K+, which further reduces the budget left for construction (demo existing property, clear the lot, excavate, etc.). 

I try to do repeat business with the same lenders in order to reduce the POA factor :) If you don’t mind sharing, I would love to hear what happened in 2010 that has made you swear off the banks.

Two or three buyers that walk, and the seller's position may soften and your "bottom-feeder" reduced offer may start to look a whole lot better if there is no one else on the dance floor – then you start making money.Hmm, Do you see a theme here?

I have been considering start flipping houses as I have the time, energy and resources.

You could certainly find these deals through a direct mail campaign on your own, but it depends on how much energy you are willing to invest in that.

The program is through the Department of Energy, in acted at State level and administered through the local Port Authority.