In the case mortgage foreclosure, I usually offer to pay for the existing mortgage and give them a little extra to move.

Joe Rohne (Me) and Parker Borofsky at Movement Mortgage

Your mortgage company gets paid off first and then it's up to the homeowner to secure a construction loan to rebuild. 

As the owner, I don't actually have the option to opt out at anytime during those 4 years but they do a 3 percent increase each year and my mortgage is only $1,800 so I think its a pretty good deal.

I was looking to put 80k cash into then refi afterwards and possibly getting 130k. 130k on mortgage would be close to $800 only leaving $200 in cash flow each month. 

I told them no, they said the best they can do for a mortgage was for me to pay 50% down.

Other than that, it is really a light doc loan with not many strings attached compared to a conventional mortgage.

A mortgage lender can help determine if refinancing or tapping into equity might allow you to acquire additional properties.Consider a 1031 Exchange: If you're open to selling a current property, a 1031 exchange can defer capital gains taxes while enabling you to upgrade to a larger or more profitable asset.

You don't need a mortgage broker, just a reputable, competent direct lender that will ask the important questions upfront to properly screen your deal.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).