Once you close on the loan and finish repairs you can refinance the property but you do not have to wait to put in renters is the work is completed.If you were to buy a primary home using FHA the guide lines state you must occupy the home within 60-90 days and for a 12 month period. 

They'll go 30-yr ams, and why rates may be in the 4's or 5's, the longer am and options for I/O periods will still increase your cash flow.

For example, you could move out, convert to a rental property, rent for two years (straddles three tax years), then list, sell and close before the end of the next one year period. 

Ideally, you'll have your contract assigned within the first 10 days (within your inspection period). 

Some post I have seen in the past state that you are only allowed to wholesale 5 deals per 12 month period in MI.

., there is no simple formula, as you need to look at upcoming Capex items for the rest of your projected hold period, and need to factor in appreciation (or stagnation) of values.  

Do you still add a due diligence period in your offer?

It won’t be your primary residence, period. 

But, if this great tenant has been conditioned to accept annual 3-5% rent increases, why would you disrupt that, especially in a period of high inflation?

We have 2 properties that we own and airbnb (3 units, 4th coming soon) and I can count all the issues on both hands over a 350ish stay period.