So it is hard to say if they are good or bad, it just depends on the deal. 

@Sanjoy V...there should be many options, depending on your qualifications and blanket answering best terms and structure I think is tough. 

As others have mentioned, depending on your family situation - IE schools - you should be able to find a 2-4 unit that you can purchase with your VA loan.  

If she is employed you should be able to garnish her wages depending on your jurisdiction.

They should be able to give you a fair estimate of the costs but obviously that would all depend on what came up on the inspection report and what all you wanted done.

They will require some of your money for the purchase depending on the project to make sure you are putting some skin in the game.

2-8 weeks depending.

Traditional lenders typically won't finance your rehab costs, so depending on how much equity you are willing to put in, HMLs are the way to go. 

There is no good or bad investment, it just depends on your goals, the price you pay, the time into the project and the return for your time/money.

As long as (1) they weren't refunded and (2) they are used in your trade or business, they're deductible.How and where you'll deduct them depend on if the LLC is single-member or multi-member.