You could either refinance your loan at that time to a Conventional loan to restore your VA entitlement for another property wherever you move to next, or without refinancing you will still have bonus entitlement to buy another property. 

@Laura Kusto we have a restoration company here in Birmingham, so I deal with water damages everyday.You didn't mention if this was something that just happened, or maybe it happened back during the spring or summer and you just found out about it.

You need do restoration repairs & that will cost a lot more.

I flip fire-damaged properties and own a fire damage restoration company.

get new cabinets and save some time,, ikea, or pre-made at homedepot or lowes  it will be worth it just getting new vs trying to restore or repair...yo will save more in the long run buying new ones..

(I own a restoration company and work with depreciation all the time.)

The house itself is straight out of the 50s, but in a cool way and I'd probably just restore it.  

I'm really inclined to take a stab at restoring the original windows since I feel like tenants and ultimately a buyer 10 years or more in the future will really appreciate that if done right. 

@Scott Mac I have a lot of years in the real estate investing world, but my day job is restoration...So my advice would be to have an upfront conversation with one of your local restoration companies (not the national green truck guys) ahead of time.

I’m not a guru I own two restoration companies and I’m not bragging either.