There is about $14k total owed (payments and taxxes). this was going to come out of the $55k, and with the remainder I had planned to try and get a loan to buy a house with about $30k down, and spending about $7k on the renovations to make it handicapped accessable.

You can not lend yourself money and not actually fund the loan.  

Usually the lending amount is a percentage based on the LTV (Loan to Value) or LTC (Loan to Cost). 

So a new lender will request the second lien (a) be paid off or (b) subordinate to the new loan causing it to fall into first position.  

I probably wouldn't qualify for payments on both loans.

That was the route I took along with hard money loans in order to to flip houses early on.

Also, how do you get a loan without people getting in to inspect/appraise?

Podcast.I am a Veteran of The Marine Corps and I am wanting to use my VA Loan to buy a multi-family home to live in and rent out as my first deal.My Goals:Make a posivite impact on the communities where I live and work.Become financially independent so that I can focus on my family and travelling.Complete my first deal before the end of 2016.Earn my Ohio Real Estate License.Own 10 units within five years.Create a Net Worth of $1.5 million within 10 years.

also, do agents frown on investors using conventional/fha loans instead of investor loans?  

I finally qualified for a VA Loan and I've always wanted to use it to buy an income property (4Plex being the biggest).