Even though a HUD consultant is really only required for Standard 203k's, most good reno lenders still use them on all reno loans. 

However I don’t know if one needs to be a licensed realtor to do this.We are buying for ourselves, not to flip to a third party.If we use the standard South Carolina purchase agreement, is it legally permissible to have a seller sign it on the spot?

@David R Coleman I would think it would be safer to just do a 203k loan instead of standard to cover renovation or another renovation loan package than to just have someone fund the reno.

Does anyone know what I would need to input into turbo tax for this, she gets the standard deduction if that means anything?

In the suggestions above I would be very careful about any of the following:Providing the lawnmower = I got burned on the lawnmower or a rock flew into my eye and it was becasue the lawnmower you provided me was not maintained and serviced to safety standards per the manufactures recommendations.

I am writing to try to start a thread about the current and future lending standards in the mortgage world.

The current lease states that if not renewing, the lease does not revert to a month to month lease (and the tenants have said they want to continue on the yearly lease anyway), and if a new lease isn't signed, then they must vacate the property (Standard Georgia lease terminology).  

Especially now, lending standards are tightening.

In some local jurisdictions occupancy standards may even prevent you from renting to over a certain number of unrelated adults.

I personally haven't found a management company that would run it to my standards and they take an enormous amount of the profits.