They let one failure defeat them and many cases define them.Have a goal.

So after mortgage ($400), taxes ($122), ins ($40), HOA ($22), the profit is $366 not counting vacancy/repairs.I have analyzed so many deals and looked at around 60 homes in the last 2 months and it seems that in central florida, at least, the good deals are going to cash buyers as my other offers weren't accepted even after offering $10 above asking price.  

Once you've been a landlord for awhile (I think two years, but don't quote me) your bank will start letting you count 75% of your rental income towards your debt to income ratio, which will help even more.

I havent completed a lot of deals as I've focused on building equity in what I have, however have completed many more hours in due diligence than i care to count....HA  Plan on reworking the financing I have in place myself and establishing a LOC so I can increase my purchasing power.I'd think US Bank would definitely be who I'd check first on the HELOC since they hold your mortgage -- you'll probably receive the most favorable terms from them and would probably be easiest to set up -- they do not have any branches in Wichita, however should be something you can do online/over the phone.  

@Mimi J.If the OP is simply serving a notice of termination, there should be not need to go before the court:NOTE: The day of delivery is not counted as part of the notice time.

I believe it was like 1.8oz to low 2s (depends on many pieces of paper, etc.).I got 6.4% response if you count every single expired I sent, whether I went through all 3 steps or not.I got 10% response if you only factor the expireds that got all 3 steps.So, my first step was a postcard letting them know to be on the look out for a home seller's guide. 

…but I feel like every minute counts in minimizing those HML carrying costs, unloading the flip and moving on, especially since the rehab itself took about a month & a half over the initial timeframe (due to no fault of the contractor’s).

I've never heard the term "hand money" being used in an actual written contract, however, but as long as the contract explicitly states the role the "hand money" plays in your arrangement (for example: whether or not the $10k count towards your equity when you exercise your option to purchase the property) then everything should be fine. 

I think they want you to stay in the home three of the last five years, unless their are extenuating circumstances ... and I don't think 'I feel like moving' counts ... it's things like new job, family issue, etc.

In any case you should be able to count your rental income as your income after about 2 years.