Read more about New Orleans and Katrina, blocks of homes have not been restored 16 years later. more reading here from FEMA:FloodSmart.gov

You don't want to put yourself in a position where the balloon comes due and the capital markets have dried up (i.e; 2009-2011) With most commercial loans, there are 4 items that are commonly negotiated or massaged: the % loan to cost, the interest rate, the amortization rate, and the length of the balloon payment.

Sufficient documents include:A recent utility billA mortgage statementAn insurance policyOnce reviewed and approved, we will then lift the hold and restore full access to your Avail account.We strive to ensure that all of our customers love using Avail.

By selling, it will restore your VA entitlement to buy another home with zero down, as you mentioned. 

We restored the property to new glory and created a nice new home for the buyer.Video Walkthroughs: https://youtube.com/playlist?

Maybe it was in pretty bad shape or something and was restored.

We paid cash, and got most of our supplies from habitat restore, salvage stores, and clearance markets.   

Trees fell, fences blew down and every wood fencing company, landscaper and handyman have been working on  getting fences restored.

So if you wanted to sell the investment after time and use this as your primary & house hacking until ‘dream home’ days, you could sell and pay off the original loan balance and go this route or pay off original loan amount without selling and keeping it and apply for the one time benefit restoration - which is not the same as entitlement re- installment for active/permanent change of station orders or foreclosed upon properties. 

Some tenants thought it was a key to a secret massage parlor.