Purchase price: $241,500 Cash invested: $8,452 This was my family's starter home, which we kept and now rent out.

A handyman, hvac usually, painter, lawn guy...Tossing out numbers to give you estimates;I strongly do not recommend new folks flipping buy a junker 2/1, and expect to punch it out to a 3/2!!! 

Is this neutral enough, or should we add more color somewhere to make it stand out?

I am incredibly thankful there are wonderful people like you that take the time to help and give out all this information.

Is there a Landlord application to fill out?

Yes, there's a living room, dining room, kitchen on the appraiser's report and then they called the what I thought to be a 3rd bedroom to be a "den".

I realize residential financing doesn't currently allow for this and pulling money out down the road could be more complex or strictly in the commercial lending realm.Any and all feedback is appreciated!

first moved in and house hacked bedrooms, then rented the whole house and moved out.

Did the painter spec out this in the proposal?

It sounds like you both have a solid vision for your future in real estate, and it's great that you're taking proactive steps to build your credit and explore creative financing options like wholesaling.As a real estate accountant, I work closely with investors who are just starting out, as well as seasoned pros.