Then our students were having a crazy hard time with the current leading website provider and I had to come in and fix a bunch of crap that was wrong with said internet hosting and template provider so much so that they stopped offering our students support due to "custom code" on our websites.So I said fine.

@Bryan Schmidt It sounds like you will need a construction loan to fund the improvements even if the seller were to offer you a second position mortgage for 20-30% of the purchase price.

You will have to consider that the VA interest rate is probably going to be higher than what the lender is currently offering. 

What suggestions/feedback would you offer someone who is considering leaving their W-2? 

The squatters would have to go through the legal process, which they won't because they know they have no evidence of legal occupation.The worst that could happen is violence, so you should only attempt this if you are prepared to defend yourself. 

Or do you have any other good legal way of doing this?

Use that money to put down on a real piece of property that offers tax benefits, appreciation and less police traffic.

The program looks at location, property value, amount owing, interest rate, taxes, insurance, rents, condition, etc and several exit strategies.When we make an offer to buy, we can offer cash, subject to, wrap, seller financing, lease option, seller carryback and so on.Obviously if we wholesale the property, there is no carrying management needed, and if use a lease option to sell, the optionee is responsible for maintenance and repairs.

An LLC is useful for two things: anonymity and legal protection.

You need to meet tax and legal rules and work with real estate pros, loan brokers, accountants, and lawyers.