The plan is to live in it for a cpl years so right now I’m assuming my best bet is a tricky FHA 203k loan.

Let's use an example House in Spring for 190k, if you do it correctly and get a loan as an investment you need 20% down. 

He said he’s from Freedom Loan Service Corp but it’s a gmail account. 

Anyone know of any bank statement/ non qm loan programs available for purchasing a property in the Virgin Islands ??

Any damage to the wallpaper, paint, walls, floors, carpeting, doors, windows, window treatments, light fixtures, appliances, or other improvements to the Property (to include burst water pipes due to freezing caused by neglect or carelessness of the Tenant, his family, or any of his guests), in excess of ordinary wear and tear, shall be promptly repaired or replaced by tenant, at Tenant’s sole expense, so as to restore the Property to the same condition as existed prior to the commencement of the Term.

If they can JV with a land owner who is not crazy and potentially litigious then that can be ideal, especially if they will be the ones to be the guarantor on the construction loan.

For instance, you would be able to obtain a loan at less than 10% down, while a rental purchase would require at least 20% down.The down side to moving into a home is that you would not get to have LLC vesting.

You’re absolutely right—precision in communication is crucial, especially when it comes to construction and home improvement projects.

Some of the other people I would want on my team are contractors, insurance advisors, bankers, loan officers, asset protection attorney, business structure attorney, home inspectors, a closing attorney, and title company.

Your Realtor isn’t responsible for your loan, nor any part of the closing costs (except their commission.)