Ordinary/regular income: compensation for work or running a business, such as W2 or 1099s, as well as retirement distributions.B.

Site cleaning is consistently understated in rehab construction budgets. 

A sprayer will need to be cleaned and you will likely use a brush and roller as well because the paint will not be the same everywhere.You will probably want to use flat on the ceilings to hide imperfections.

I only recommend this route if you are looking up a lot of properties regularly. 

If the house takes longer to sell, we aren't losing money every month on interest payments and can hold for the right sell price.Cons:We lose our regular stable monthly income and have to rebuild again (we have done this before - this would be our 2nd "bootstrap, build, sell" business)We lose our 5 year history when it comes to conventional mortgages and moving into a new home for our own family in the next 2-4 yearsThoughts / recommendations?

again this is my perspective I was the largest HML in Jackson market from 03 to 08  and lived there for one year cleaning up all the foreclosures I had from failed landlords in 09  I lived out at Reunion which is great neighborhood but you not allowed to rent homes there..

I know some regular conventional investment property loan programs have certain rules about this but does Fannie Mae?

While we both work regular 9-5's, we wanted to do this on the side until we can turn it into a full time thing.

When you select the next tenant I would certainly ensure that you have your eyes on the applications that are coming in, and ask that you are involved in the decision making process. 3x income, clean credit and background checks should be a minimum for approval, even if it takes a month or so to find someone. 

Regular smoke detector does not pick up the smoke.