Interestingly, the VA allows borrowers to have more than one mortgage, which will accommodate a primary turned rental and new primary scenario, so long as the borrower's entitlement has not been exceeded.

Wayne Hughes, who is behind American Homes.On the first Tuesday of each month during the crisis, investors sent bidders to foreclosure auctions around Atlanta, where the foreclosure rate exceeded 3% in 2011, according to real-estate analytics firm CoreLogic Inc.

When these intervals are exceeded, and the infrastructure can’t handle the rate and volume of water, flooding is the result.

How can we get additional security if it will exceed the state (Delaware) limit?

Things to consider is the location of property( crime,appreciation ,etc),all costs associated with running the property (taxes,insurance,water,etc}.If the rent exceeds your costs and you have evaluated the above conditions why not proceed?

New buyers frequently complain about how this is "unfair"...until the value of their property goes up (at which point you don't hear a peep LOL).The good news is that no matter how much the market value of your property goes up the tax only increases a max of 2% per year,meaning that Year 2 your tax won't exceed 1.02% of purchase price, third year 1.04%, year 4 is 1.06% etc. 

For example the solicitor could have created 3 property bandings where they would charge their legal fee at a flat fixed amount of £150 for property valued at £175,000 or less but properties exceeding this figure but are valued at no more than £300,000 would be charged a legal fee of £225.

Not sure if going to trial will be worth it (as this exceeds the $10k limit for small claims).

If you want all gain deferred, you must meet two criteria in terms of the property acquired.The first criteria is that the value of the replacement property (or properties) have to exceed or equal your net sales price, which in your example would be $535k ($575k - $40k).The second criteria is that you must reinvest all of your net proceeds after mortgage. 

@Thomas Robb- once you take a contractor you will have a better picture of the price range for the rehab, if the purchase price plus the rehab cost exceed the market value for such a house in good condition, you know the deal can't work.