The short answer is that you will get credit for everything that has a written and transferable contract associated with it.Not all side income will be counted towards forcing your appreciation.

Then, my inlaws have agreed to take out an equity line of credit on their house and are going to have a little more than 40k in money that they are going to allow me to use.

I suggest you make sure they are qualified (income, background, etc.) and set them up with a credit repair agency so they can purchase the home before the option expires.

There are factors that play into those percentages such as what state project is located in, your credit score, funds you have available, experience, etc...

Even if you are able to buy a house with "no money down", if you have a problem and no way to fix it, you're headed to foreclosure and another 7 years until your credit score is back up so you can obtain financing again. 

.- I have to work under a broker for 2 years before I can apply for my brokers license in state of FL- I have to split my commission profit with broker and all funds/payments must be made out directly to the broker- the percentage commission I negotiate with property owners is my decisionDetermine best path to form Vacation Rental Property Management company being aware of my new status a sales associate- can I start my own business entity to establish and brand my VR management company now, or would/should I just wait the 2 years, get brokers license and then do so.

John, Lead paint laws apply to buildings built before 1978.

Absorb what you can; the rest may not apply now.

Go to a credit union and inquire about a "porftolio loan" typically 20% down, 20 year amortization with a 5 year rate adjustment.

Bill tenant for overage but no credit for underuse.