What exactly does this mean and does it affect the sale?

We double our rents by renting by the room....zero affect on appraisal.

At the end of the day, it shouldn't affect how you bid.

If you were set on compensating them before you talk to them, pick a reasonable amount for a deductible and have that be your offer.Ask yourself this: If this were a larger scale problem where you had multiple tenants affected by the disaster would you be offering to pay everyone's deductible? 

Where I am confused is to how to best word a partnership agreement to be reimbursed and how that would affect my cost basis in relation to my partners?

When I worked in project management for a GC we were very detailed in any time delay that affects the finish date.

I’d also like to clarify, my current plan is to use my VA loan, live in the property for a year to meet that requirement, move out and refinance and repeat on another duplex for however long that seems to work.

Other strategies, we’re solely looking to buy and hold, cash out refi and repeat with the options for HELOC down the road.

However, you can consider buying in cash at a discount, then taking a mortgage and continuing to repeat this process until you have multiple homes.

Next time, ensure you get a lien for the loan so history doesn’t repeat itself.The sad thing is that you might never want to be a lender to the honest investors out there.