Verify with the respective title companies that your fee can be put on the settlement statement. 

You can probably find out in a 5 minute conversation what sort of qualications are needed.Typically they want to know if you have any experience, some will have loans for newbies others may not.Some may look at credit.Most will want to verify assets for reserves and any money you are putting into deal.Most want an LLC.Every lender will want to know purchase price, rehab costs, and ARV in a deal.

In either case, you should verify that you are eligible to transfer the funds from your existing retirement account (e.g. if the funds are in your current employer 401k, you will likely not be able to transfer until you quit your job).  

A good contractor should have solid insurance anyway, so it's sort of like killing two birds with one stone by verifying their insurance.

Consult with your tax pro to verify. 

When underwriters verify income, how is this accomplished?

Are they hiring an independent appraiser to verify value?

Verify the date first.

Credit rating will affect you mortgage rate and monthly payment as well.Have you ran your credit report to verify all is accurate. www.annualcreditreport.com is free yearly.

I’ve had a mind to sell the property, but agents have told me that buyers using FHA loans will require a septic inspection (have not verified this).