Just curious if anyone has had experience with using the VA entitlement with a non-veteran partner and how funding for operations (renovations, distributions, etc) were handled. 

I guess you've never heard of derivatives.

So technically unrelated by a very specific corporate structures and different ownership distribution.  

As I sit here thinking about creative ways to fund a deal, including hard money, I have come across the idea of a Solo 401K plan and loaning to myself from the plan.Key facts that I can find are:  5-year term (normal prin+interest payments required at least quarterly), Larger of $50K or 50% of vested balance is the max loan, no credit check or specificity required about intended use of funds, failure to make payments/payoff on time are that plan treats it as a taxable distribution (early in my case), can loan at a reasonable interest rate which sounds like can be a prime+ type rate.....last WSJ prime was 3/22/18 at 4.75%. 

They are coming to the conclusion that the entire water distribution system will have to be replaced.

They may only sell to distributers or dealers.

There are ordering rules to all the accounts for distributions.

The fiber optic lines connecting the West and East coast run under Las Vegas Blvd.Within 2 days driving distance to 20% of the population of the US, which is desirable for distribution centers.Las Vegas is one of the few large metro areas with dual sources of electric power: Hoover Dam and California.

If they are borrowing from or taking distributions from the 401(k), then it is no longer a 401(k) at that point and there is no issue. 

After that I'm guessing that the executor will either have your parents buy out the interest of the deceased according to the operating articles of the LLC or it will be dissolved and the assets distributed to the members (your parents and the estate/heirs).Many of our clients have taken the opportunity of having some time to plan and have used a 1031 to purchase an investment property that they will convert later into a retirement residence.