Hey Jennifer, I actually work with a company that does all of this.We (essentially) wholesale deals to OOS investors, connect them with our contractors, manage the rehab for them, and have a property management division as well.It's the whole A-Z operation and we did 200+ deals last year and more than 1/day this year.I'm not pitching you at all.

I actually bought them for my personal home because we have a new born and didn't want him to get tangled once he starts crawling.

PMI is actually a company, a brand. 

I originally came from the consumer finance and "B, C, and D Lending" (now non-QM), then migrated to commercial banking before focusing on real estate investors (we don't like to say "hard money")...so I actually have a lot of experience in what you're trying to do.

My goal is to actually live in the property and house hack 2 rooms while continuing to homeschool my children (ex and I are no longer together so living next door would be a very ideal scenario while raising the kids) once the repairs are done. 

Just to be clear conventional loan guidelines are just the standards set by FNMA to buy loans that have been originated, they don't obligate anyone to actually extend those loan terms to borrowers.

Particularly if you're coal is to actually move into investment hold property.A couple of options that come to mind that clients have done over time.1.

While most people thought banks prioritized foreclosing on houses that had not made their mortgage payments in months, banks actually prioritized homes that had a lot of equity.

If you plan to continue working in houses like this, yes, it's worth developing this skill.Look online for how to use oxalic acid and peroxide cream developer to lighten floors, the actual technique you'll use.

So I have a tenant who recently moved out of my residence on good terms, actually helped me find some one to take there spot who has been a fantastic tenant so far.