Find Structural Engineer to come out to inspect damage and advise a course of action.I only have a few days after the inspection period to respond. 

As an engineer, I can't help but look at risk in a simple format.. just google "risk assessment matrix" and in there you can evaluate the cons and pros of your risks and consequences. 

What I can recommend you do is get a good engineering-based cost segregation estimate so you know how much you will have in taxes you can depreciate right away so you can minimize or eliminate your tax liability.

I'm an engineer at heart, so I find numbers and charts a little too interesting...

I am Suhaib ur Rehman from SF Bay Area, an engineer with a passion for real estate.

I am a software engineer for MLB by day and have always been an analytically thinking guy.

Split the risk go in to a new business with the know-how.As Ray mentioned market is Wobbly for the next 6 months banks are not lending in construction loans....They now what is coming.I just say will you open your Mustang Shelby to fix the engine not being a top mechanic...

One of the reasons I left my engineering career to be fully immersed in real estate was to "level up" my environment. 

If you have not done a good engineering-based cost segregation study, you need one or at least get an estimate on doing one.

No working on the boat or engine, no flammable materialsBoats can become a considerable burden and can spiral on people pretty quickly.