The advantage of not having her own the property is if down the road she needs care it is income to her and not a straight asset.

Ponies and kittens won't cut it.

I'd be careful with that advice.4-Lastly, there is NO LIMIT on the number of homes you have financed if the home you are financing is your primary residence, conventional guidelines only limit  Second home or Investment properties to 10 financed properties.In short, you should be good with either FHA or Conventional loans in your case.Here's the guideline straight from Fannie Mae https://selling-guide.fanniema...Limits on the Number of Financed PropertiesThe following table describes the limits that apply to the number of financed properties a borrower may have.Subject Property OccupancyTransactionMaximum Number of Financed PropertiesPrincipal residenceTransactions other than HomeReady loansNo limitPrincipal residenceHomeReady loansDU and manually underwritten - 2Second home or Investment propertyAllDU - 10Exception: High LTV refinance loans are exempt from the multiple financed property policies.

Overall, we had to put on a new roof, extensive landscaping, "60 years of growth never cut", new decking, new fencing, completely remodeled kitchen, updated fixtures and lighting, paint, electrical upgrades, and drywall repairs. 

We’ve already cut the fat including thing that are “wants” and not needs and we still have a lot of things that must happen before we can list it including some structural projects and sump pump issues etc…I’m working two jobs and caring for 3 kids and husband is working 10-12 hour days so obviously time is limited.

Yeah, i am almost thinking it might be better to cut a couple 16 inch by 16 inch sections out (what looks to be the worst) as much as I don't want to.

Held for 6 months or so - straight flip.2426 Golfview St - Lakeland, FL - bought for $50k, sold for $162k.  

Getting your hair cut?

The reason I want to take this adventure is not to be come rich by any means but to become financially free and to be able to cut back in my current career and work less to spend time with my family.

Most are straight remodels or tear-down rebuilds as SFH, but several owners added back-yard cottages, and 2-3 properties have sub-divided and remodeled the original SFH and built townhomes on the other lot.