Also get rid of the cat or you'll be charged an additional $xxx fee and an extra $xx/month.

Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

ProfessionalA professional plumber can usually replace a kitchen faucet in 30–60 minutes.

Anyways, on my latest project, the title came back yesterday and revealed two extra parcels of land deeded to the seller under the property I was under contract for.

It would also have to be put up and taken down between each tenant and I don't know how responsive your PM will be to this extra work. 

What are the usual lending parameters for a person getting there first property with roughly a 700-730 Credit Score and trying to secure a home 200k or under? 

Unless you are planning on investing in your back yard and have extra time to spend, getting a good PM is very important.  

You can put a mortgage into a "trust: without triggering a due on sale but again contacting your bank/lender is the best route to avoid any issues.Some banks/lenders or servicing companies change guidelines and even a trust may require other paperwork but the attorney usually facilitates that to be safe.  

STRs are essentially small hotels, thus they are usually taxed similarly to what hotels and motels are.

It’s awesome that you want to use your downtime to learn more about the industry and make some extra income as a VA.