The second time was 2 years ago and this one she took advantage of how the basement was designed (ground floor entry) and added a legal basement suite. 

Appraisers will red flag the house if there are structure changes to it because they are engineered and designed as a functioning unit.

But if I go a little farther away from town I could find a deal for around 100k for the same size house....Having said that the house might not be designed or decorated a well as the other.

@Michael Needle Unless that property you are looking at is a multi-family you must occupy the residence in order to use your VA Guarantee.

A little extra framing, drywall, flooring doesn’t move the needle.

I love craftsman design.

That policy is designed for owner occupied units. 

When water gets past the window trim of these properties and starts to get into the designed air gap between the brick and the framing that the window trim covers, the excess water and the humidity attack the old mild steel ties coming out from the framed wall that keep the brick veneer attached to the wall.

Two thoughtsFirst thought..... with all the laws and complications of evicting existing tenants when you buy a place, I wonder what the ramifications would be if AFTER you sign all the paperwork to move in and you make an honest effort to evict the designated tenant, it is realized that it would place way to much hardship on that tenant and it becomes very clear that they want to stay in the property?

There are some stipulations on how you plan to use the land, the toughest requirement for us was the cap on your income.3) Traditional Loan - typical bank financing, but they usually require a minimum of 30% down4) Construction Loans - there are loans designed specifically to buy land and also finance the build of your house / farm / etc...