You'll be the legal owner and will be collecting rental income, so I think you will be able to utilize the common strategies of depreciating the property and CapEx, expensing repairs and other property-related out of pocket costs, as well as interest on the mortgage loan. 

However, after talking with a few people it sounds like we may have to also refi one of the properties (or both) as investment properties if want to still be able to reap the benefits of the low down payment conventional loan we've been using. 1) Is there a limit to how many times you can utilize a conventional loan if we are doing live in flips i.e. considered our primary residence?

Are you including all the utilities?

This brings up a whole new debate and leads into the conversation of utilizing a 15-year mortgage vs. a 30-year mortgage.

@Tanner Kenneth Jenkins I've personally never used any of these services, but have heard of other investors utilizing them, Batch Skip Tracing, Prospect Now, REDX, and Spokeo, to name a few.

In the past year I have been trying to educate myself as much as possible with how I would like to utilize the equity in my home to invest into my first real estate investment.

One thing to consider with the cleaning person is to utilize 2 cleaning people. 

I have about 30k saved for my first project and I plan to utilize a hard money lender for purchasing the home.

Owners must stay in good standing with the utility companies. 

It shouldn't take much to clean and you can rent it quickly.If they don't agree, then they will remain responsible for rent, utilities, or other charges until a replacement tenant takes over for the same terms.