Calling a FSBO wasn't the original question - it was "text blasting".I cited some very solid sources above that are worth reading. 

Kiavi minimum 2k origination fee for 30Y loans is ridiculous.

Originally posted by @Gregory Mcgraw:Ok I wasnt sure if you did.  

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

This was not a complete rehab, we were keeping the main bath, moulding, and original dooors. 

The second year we only spent $25,000, and achieved our original goals.  

Originally posted by @Brian M.

Well, my original SFH purchased in 2010 still has its original S8 resident.

The original post leaves the door open for a challenge by the IRS, so the safe harbor of holding it for investment for two full years is the safer option.  

They remain whatever the original borrower has.When you use typical financing from a lender, you have the lender's hoops to jump through and loan origination fees, the appraisal has to come in at a certain number, oftentimes an inspection or appraisal will kill a deal.