Are you aware of some actual legal authority that validates the IRS opinion on this issue?

You will probably run into some issues and need to budget for that.You budgeted 5k for unforeseen expenses on a 4000sft home.

Newbies create a lot of different issues, however.You are probably not going to be able to use Fannie Mae as a contingency.

The issues can be local so look for someone in your area who is posting and try to contact.   

An other advantage of paying with credit card may be that you will not have to send the provider a 1098 tax form (only an issue if the total yearly amount is over $800). 

Despite the program's claims of providing exceptional training and support, my experience with Kristin has been far from satisfactory.First and foremost, I find it necessary to address the issue of non-payment.

Based on your first fix/flip, it sounds as if you don't have any issues doing moderate rehab.

The rehab expenses don't line up but they are not stealing, I would suggest having a zoom call or sit down with their PM or account manager to see what is not lining up and where you see issues compared to what they have on their sheet. 

One thing to consider on the credit card option is that a lot of contractors don’t accept them so that could be an issue.

Shayan,Best option to avoid issues and stay risk free along with having a better approval chance would be to go with a Cash out refinance.