I don't wish to include personal credit or income as a factor in getting financing.Any suggestions?

Purchase price: $600kRehab: $120k (Includes labor, finishes, taxes, insurance, utilities, etc...)Commissions: 2.5% = $20,500Sold for $820kProfit: $79,500BEFOREAFTER

If it is possible for you could start on a multi family home that is easier to get financing including the renovation but you have to live there one year but your tenant(s) could pay the rent that would probably pay enough to cover most if not all of your mortgage payment.It can work well to be a good investment if you keep it for longer term.  

You'll have to figure your adjusted basis including a small amount of depreciation and untaken expenses and capitalized items.  

They pay you each month for the amount that is not included in the conventional loan.

Since the $425 mortgage insurance payment is included into our monthly mortgage payment already, what happens to that escrowed money when we change loans?

It gets folded in with a bunch of "Fannie - No Overlay" deals that include marginal credit, heavily leveraged real estate investors, down payment assistance, DTI that barely works, et cetera.

This includes servers and real estate agents among others.

Carmen Falcone start with doing the PM yourself so that you get a good appreciation for it, but include the PM numbers in your budget so that you can always elect to have one in the future.

Or does this include insurance and taxes for the year.