I'm not sure how inflated this is but it seems as though I already have about $100k in equity into the house, which is crazy..The neighborhood is about 80% finished but still under development and they are starting phase 2. 

@Matthew HorstmyerI think the benefit depends on a few factors, including your zip code.

@Sam Horton Thank you for the feedback, I am planning on using my VA loan, I am blessed to receive extra benefits from the armed forces, will I need an LLC or do continue without, should I acquire a real state license or not?

Should I ask seller for "assignment of benefits" and to get those policy numbers now, call the insurers, and make sure that they will pay me for property losses if I decide to go forward with the deal?

It means that the property has entered into the first phase of a standard sale process and is "In Escrow." 

I'm looking to house hack in San Diego with my VA loan benefits and need an investor friendly lender. 

Especially during rehab phase. if you don't make money, they shouldn't be making money either. 

I look at holistically keeping in mind the location, loan paydown and tax benefits.

QOZ have less benefit now but that's a potential option. 

There is a phase 1 environmental report and a Property Condition Report provided.