I then removed interior wall separating living room from kitchen and installed supporting beam.

Hi all,I am looking to invest in a large multifamily syndication as an LP to start investing in RE and was hoping to get some advice on how to properly vet a GP and deal. 

Selling without an exchange doesn't make sense - too much equity.Anyway, I have a million questions on how best to make use of this property, but, first I need to figure out how to properly run the numbers so I can make good comparisons.

Also found out 16 pilings were installed less than a year ago by the previous owner.

Now depending on the number of times you've used the program, your specific military service in some cases, and the loan type there are funding fees for the VA loan program; if you're at 0%-4% down, it's under >4%, 5%-9% down, it's a little over 1.5%, and over 10% down under 1.5%.So if you wanted to sell the investment after time and use this as your primary & house hacking until ‘dream home’ days (or moving out of your in-laws), you could sell and pay off the original loan balance and go this route or pay off original loan amount without selling and keeping it and apply for the one time benefit restoration - which is not the same as entitlement re- installment for active/permanent change of station orders or foreclosed upon properties.

Personally I am in favor of buying in an LLC as it "can" provide some privacy and protection when done properly.  

To be paid out to us in 3 installments as we needed the money to fund the projects.

While any licensed, insured, bonded contractor is technically allowed to do the work, unless they have been properly educated on the 203k or have vast experience with the 203k, any average contractor will NOT now the paperwork, processes, guidelines, timelines, draw process, change order process, estimate/bid format, different versions of the 203k, and most likely won't have the financials needed to pay for the upfront materials and ongoing expenses, or anything else associated with the 203k and would be basically 'winging it.'

In my view proper restoration would be the yard should be returned to state of previously. 

I have no idea what sort of property it is, but $10k in the northern market would/could be a steal.Since its commercial, its probably best to work with an attorney that specializes in this and has the resources to properly prepare the appeal.