Also, have you been able to find a lender that will lend on such a unique property? 

@Jake AkersYou created another thread about 506c so I am not sure if you are looking to create a fund / syndication.There are unique tax laws as they pertain to entities / partnerships / syndications.

Then consider that beachfront vs non-beachfront are also unique.

I personally think this can serve as a unique saleable point and attract more buyers increase demand and drive up the price even more.I will appreciate if someone can confirm if this will be a step in the right direction.Thanks

I've never used annual rate of return with rental property loans....so this must be a unique loan product you're looking at.

@Osei K Boakye- no not necaasrily ...there might be unique negative factors that  are  trigerring people to  sell  at an above average pace  ....this wouldnt be a hot market   (eg  I am  hearing this  regarding a lot of the older  condos on the  coast of S  FL )

Being prior service myself I can say you have some advantages that are unique to vets and you should definitely pursue them. 

It's a unique opportunity to be able to get seller financing, so I'd take it if I were you and save the FHA loan for a potential next investment after you gain some learnings and experience from this one.

The problem I am running into now is that is seems there are many paths you can take in this world but choosing the right one can be very unique to each persons situation. 

But even this lender process does not educate the contractor on the different versions of the 203k along with its unique timelines, guidelines, paperwork, payment structure, bidding format, etc.