As a result - you would be reporting income that you generated in all the states(and foreign).

I know you have to stay in a home for at least a year with an FHA loan, but I'm not sure the terms for buying another property after that year and keeping the initial one.Any thoughts are much appreciates!

Landlords can find additional damage after the initial inspection and they are responsible for it. 

Some wholesalers are good and some are bad.You have six posts on this forum (Half supporting your initial post)?

Initial cash reserve would be the money we didn't put into the down payments (downside to this is PMI on both houses)3.

I have put in a new roof, parking lot, and fixed up a few units (raising rents along the way) and will be paying him back 8% on his initial investment (10k) at a total of 135k once refinanced in the next few months. 

We asked a contractor, and the estimated cost is about 100K for such project.My question is that, if she go ahead with such remodel project, who much more rent can be generated?

Shawndrika Hardie if you got your RE license you could earn referrals for those people who want to find rentals, or commission on buying and selling.If you want to wholesale try going to the county records office to generate leads

Rather, you would need a viable business that generated income that they would extend the loan against.

After 13 (very long) years, we're heading back to to re-connect with old friends/associates, expand community development initiates and invest in new alliances/partnerships.