Small community banks or credit unions are going to be more flexible in their terms. 

We have a failing infrastructure and no money to fix it. 

Using a small bank is your best option.

Can anyone guide me on where to find this information on whether it's legal in Texas.Thanks Yes and No.Generally, you can do a Lease Option in Texas that is 6 months or shorter if it has a bank loan on it.

But I wouldn't think it to be a smart move on my part as a beginner to play around with swings in the market and bank on them.

So my offer was bank financing for 70%, seller financing for 20%, and 10% down. 

Not every bank likes development deals, but once you find the right bank they will become your partner in the deal.

It is the mortgage or deed of trust that allows a lender recourse (via foreclose) if the burrower fails to make the monthly payments and/or breaches the loan contract in some way or another.When it comes to mobile property, it depends on what state you are in and how that state defines mobile property; each state has guidelines as to whether a mobile property is considered personal or real estate based on certain tests.

I don't know what that score or cash reserves is but give a couple banks a call and you'll be able to get an idea of what is needed for financing. 

can he do a heloc with another bank on the va loan?