@Mike Stadel Check this group out: https://syndicationattorneys.com/*I'm not sure if they are able to do South Dakota, but if they don't I am sure they can point you in the correct direction.

Maybe if we look at if someone that have bid against any of the other service like Redfin or Opendoor can give us some insight on how aggressive they are when buying value-add property. 

You can use the VA loan to buy a single family home, duplex, triplex or fourplex if you're moving into the house or one of the units (for the multi-family).Lenders... please correct me if I am wrong, but I don't think you can do mutli-family with USDA loans.

Bank is correct.

Yup, that's correct.

Is that correct?

@Sharon Rosendahl you are 100% correct that if your state has a lower tax rate than the state you plan on investing in it should be a concern. 

Generally one must have a property at least under contract to even get a GC to bid the job.

In my area, most general contractors will come bid a potential job for a nominal fee ($75-100, applied to the project if you buy and use them) and take as long as they need to come up with a detailed bid.

@Ryan Moret The first thing that jumped out at me was that foundation work was done in 2008 and 2012.Presumably, the 2008 work corrected whatever issues were present at that time.