I value my time and beating a dead horse isn't my style. 

I used to get accused of "picking nickels out of horse**** while wearing boxing gloves" by some of my "smart" (ie;employed by Fortune 100 employer) friends.I always told them; "I get love at home, I do this for MONEY".I once met a guy on a SFO-DFW flight who was making his monthly trip to the Dallas area to "manage" his rental properties.

Oh, none at all.Except maybe the monetizing part.If you three women owned a horse together, which part would you want: the part you ride, the part you feed, or the part you clean up after? 

Wait a second, you are driving backwards and have the cart before the horse!!!

We went through this several times already so I'm not sure why you insist on kicking a dead horse.

The British call it horses for courses.

I would bet most who have that freedom end of chasing shiny objects and make less overallAnother way to think about it is stock investing, if you are constantly changing your stock picks versus riding out a specific portfolio my guess is those that do nothing win (in normal economic conditions even like today)You are far better off picking the right horse and sticking with them than constantly chasing the next shiny object

But here are all the details straight from the horse's mouth: https://www.fanniemae.com/content/guide/selling/b2...The article you reference mentions rehab costs being included in the refinancing but that's not listed in the Fannie guidelines: "The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan."

HOWEVER when I was 30 years old wild horses couldn't keep me from trying it.

@Alison Koenig If you can find a deal in Saratoga Springs, NY near the horse race track, you will have a very profitable vacation rental.