kinda not really.you could do it if you took the advance out and seasoned it in a bank account for ~2 months.though the debt service will certainly affect your DTI I always have them use my IRA as a reserve account

They are discussing pre approved financing, package deals, fix and flip, and even development potential ! 

One landlord I know who keeps the water bill in his name has developed his own system that trains the tenant on how to read the water meter, and to take the reading to compute how much to include with the rent for the water bill; it gets close enough so that he has not fronted the water payment for a tenant who decides to skip town.If you have the tenant get the water bill where unpaid water bills become a lien, you will want to have some way of tracking that the tenant is paying the bill.

Is there no way around the "seasoning period"? 

I'll also look for development and competition. 

Most experts also feel that if you turn a shovel after entitlements that involves you creating inventory and turns you into a developer. 

Development - Construction Forum  Strategies is where you will find all the various niches. 

.- countertop is new- we painted the existing cabinets and put new hardware on them- in the 3 season porch we frosted 2 of the windows and then just painted the existing walls, ceiling, floor

It can be a challenge when searching for a 203k consultant, a contractor, and a lender that have 203k experience and a good agent can guide you through this.If you can, have the contractor and the 203k consultant walk the house together so they can develop a report with each other if they do not already have one.

(at $250/per unit) however, understand that many seasoned investor actually recommend more for CapEx closer to $500.