Using the money from selling that home to continue buying ETF’s (paying dividends) and continue offering private money loans to home flippers I partner with. 

If you feel the LTV is below 75%, I suspect an as-is appraisal might satisfy them, but you would probably have to pay for that to get done.

However, this isn't to scare you away, because I was house hacking my expenses dropped substantially and I was able to pay that 20k back pretty quickly.

if so, is it recommend for me to get a different loan that will cover the remodeling or should I pay that out of pocket, or should I seek for a FHA 203(k) loan?

If she wants me to hold it for her an additional week, would you have her pay rent as usual?

Rent                $2,600/month as MTR                           Vac (5%)         -$130                                                                                                  Main. (5%)     -$130                                                                                        Insurance  $97Cap Ex (10%) -$260                                                                                                Taxes $240Utilities           -$175                                NOI                 $1,905                                                                                            PITI+PMI= $3,846Net Income as HH (aka our cost per month)= $1,905 - $3,846 = -$1,941      My wife and I essentially split $1,941/month to live in our duplex in one of our favorite neighborhoods.So you may ask, "What about your ROI?!"

Sure it has potential for cash flow, appreciation including forced appreciation, tax benefits, mortgage pay down but in most markets it is the leverage that accounts for the significant return.  

If you choose to buy here, pay very close attention to zoning, and run your BRRRR numbers conservatively.

Pay on the first."

It was clear to both parties, with email exchanges confirming that the end date is July 15th and lease won't be renewed.However, I forgot to stop the automatic rent collection through Zillow, resulting in the tenant paying the full July rent on July 10th, which has already been transferred to my bank account.