The loss payee will run you ragged with process and inspections causing massive delays (in my specific case loss of 5 months from beginning to end).Eat the expense (maybe hard money bridge loan) and get the property restored asap so as to make it income producing again.

Handles and pulls came from the restore and were about $1/ea~Bought all our paint from the restore... it was quite a bit cheaper but didn't cover well so we did a lot of coats.

He's fairly motivated to sell.However, this just came up in negotiations, the owner informed me that some pipes burst last winter and caused some water damage to the house, I haven't seen pictures or heard what the extent was but my partner assures me it won't be a problem and he and I both have plumbing/restoration experience, although he has far more than me.

In spite of all that there's some gorgeous homes there screaming to be restored to their former glory.

My qualifications are that I am a certified in Fire and Smoke Restoration (#148547) by the IICRC and have been in the biz for 14 years.

I am very well versed in insurance policies for residential, commercial, industrial and multifamily policies and restoration.

I need a way to restore my benefits by somehow removing the VA Loan on the property.

Habitat for Humanity Re-store?  

I'm brand new to the game and a potential buyer I had been in contact with told me that he likes investing in and flipping houses with "70% AVR or less minus restoration costs".

A seriously fire-damaged house could cost a lot to restore...much more than 50k.