Otherwise, owner can pursue collections on their own.The credit score is like the "1% Rule" - a decent filter, but NOT something to rely on.-- How many active tradelines produced that credit score?

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

Does anybody have any advice on this subject, anything I should watch out for, is a lawyer necessary, does everyone have to sign the deed, or is it a straightforward process I can do myself?

Once my zoning variance was granted, I expected getting the building permit would be straightforward.

Given the low purchase price, the financing was straightforward and quick, allowing us to close on the same day we found the deal and sell it immediately for a profit.

This is not the case- MLS rules and state law apply and the "Flat Fee Broker" must abide by those rules too. 

There are a lot of rules around using rental income to qualify for the purchase of the new property which may limit or change your options.

That 6 ft privacy fence is a good start, but you could also include separate entrances, designated parking spaces, and clear instructions about shared spaces (if any).Noise Policies: Include quiet hours in the STR house rules (e.g., after 10 PM).

U see adds all the time  GREAT CASH FLOW  well GREAT cash flow is a personal choice opinion someone in the mid west if they are not getting 1 % rule 2% rule its terrible..

I don't want to do a traditional cash out refinance because the house would no longer cash flow and I don't have the funds to buy him out straightforward.