Here’s a summarization:Min Credit Score - 620Rates (Vary Depends On Program) - 5.35 - 6%Min Down Payment- 15%Loan allows you to roll purchase & rehab into one loan, in addition to the buffer they add in as a contingency planTerms - 15 - 30 yearsNo prepayment penalty 6 month seasoning period req’d for refiI believe DTI needs to be below or around that 40-45% range 2-4 Points

If this is a really great deal and you have a strong tenant lined up you could offer to manage the project and roll the fee into equity.Bottom line is it is better to get into the deal at some level, build your experience and portfolio.

So I need to roll forward all $350,000 to avoid taxes.

Keep that money rolling therefore deals as well. 

I'd like to expand the portfolio into areas of growth -- Ridgefield, WA, DT Vancouver Waterfront, East Vancouver, or into the Hockinson area.I'd love to connect with like-minded friends in the area to get things rolling. 

Typically, this is done by taking the cardboard tube from a roll of toilet paper or paper towels (or an empty water bottle with the bottom cut out) and shoving a bunch of crumpled dryer sheets inside.

I can roll in refi closing costs into the conventional loan as well.

I mean, I know advice on BP has been rolling downhill for a while, but this would take the prize!

Once I find and can afford that place, I can rent this one out and use it as passive income, or sell it and roll that money into the next project. 

Rent rolls, proof of deposit, or bank statements can verify the income.For expenses, utility bills make it real easy to determine electric, gas, water / sewer / garbage, if it's managed the property manager has their fee obviously but also probably tracks most of the other expenses.