Or be punished even if I'm quick enough submit it by mid week or Thurs? 

Otherwise, the value supported by the first appraisal will be used to calculate the maximum mortgage amountI would hope they use common sense - hell, I rehabbed the whole house, inside and out - but again I ask, is there a chance I get punished by having a contractor who gives me good prices, and by searching out good sales in materials and appliances?

We are going to use the power that left is centralizing in the federal government to punish them, to break 'em up, and to make them pay for this.

Unless it's illegal in your area for contractors to take on work without a license, or local code prevents a GC from pulling permits, the only real disadvantage is that the contractor can't be censored or punished by the licensing body, which usually takes the form of loss of license and fines.

I know historically buy and hold has always been preached as a more sound investment compared to flips etc, yet 2020 definitely shifted things towards sales being rewarded with low interest rates and buy and holds somewhat punished with eviction moratoriums etc.  

Mortgage fraud is a federal crime and is a Class 4 felony in AZ, and the fines and class type/name vary by state as well as the punishment...

They are the people bribing the officials (which is not punishable legally), not the people receiving the bribes. 

Older houses can handle tenant punishment because they were built when there was pride in the quality of construction.

My question is can you get away renting it before the year or is the punishment or fine severe?

You don't need to punish yourself with an insurmountable challenge.If it were written down to $65k and you could just take over the mortgage, I'd still not want it to hold.