Your scenario sounds like something that you could make work. The first step is to speak with a local lender and figure out what loan package would work best for you and then you can begin to look for a property that might work for your husband. I do service the Bakersfield area, please let me know if there's anything I can help you with...including referring a great lender for you to speak with.
Tesa Noonan 661-717-3394
We would need a copy of the lease and letter of explanation.
If the property in Coarsegold is upside down, you will run into problems. In that case calling the new home a 2nd home might get you around that and the terms are very favorable on the 2nd homes.
Contact me if you would like to be prequalified there is a no cost an no obliagation, it would then help you make a decission as to what the payments might be, down payment and then you will be able to make an informed decission.
A lot of the best answers to your questions depend on the purchase price of the home and the amount you'd like to make as a down payment. From there, I would be able to tell you the best way to structure any financing, whether it's FHA, conventional or otherwise. As for purchasing a home through the business, that would introduce a new set of criteria you'd need to consider. I can help you with all of these if you'd like, and I'm here in CA. Get in touch at your convenience!