I realize that there is a new and fresh crop of folks that would be very excited to enter into these deals many with altruistic notions of saving someone's home and being the hero..

First time investment Options:A) Sell and reinvest the gains through a FHA into a property and reuse my VA for a primary residence. (1 investment property)B) Refi through either lender, rent current property, resuse VA for primary, and invest the gains through FHA into another property. (2 investment properties)This current property is a great first home and would hate to see myself lose future profits for fear of the unknown by just selling and starting fresh.

We were advised to pay the 'fine', which we are still fighting, but are reminded occasionally by mail that it's 'an ongoing investigation'. 

I understand you take heed/protect yourself at all times advice...I completely understand...the subcontractor does sound worthy of deeper investigation...But just to clear somethings up, I don't expect to go take a test and that be it.

My husband & I have been discussing and weighing the following two options below for a few weeks now and I'd like some fresh takes from you. 

The reader has to take responsibility for what path they take.If something doesn't strike you as legit or compliant, looking past the fluff, puffing and marketing then investigate it or even easier, move on. :) 

I will tell you if there still fresh 

I wish I had an answer but I am still investigating and networking to try and find an adequate location.

As soon as the rehab is finished and you have a quality asset to borrow against you can get cash out financing from a bank based on a fresh appraisal. 

The only problem that I am having at the moment (I am fresh out of college), is that I do not have the extra cash to make repairs to a house.