Basic information, pros and cons, a little about your experience in Detroit? 

Between 6 months and 12- they will evaluate based on the price at purchase and then after a year, they will consider any additional rehab value.

Search these forums and you can see personal experiences   which may give you guidance

ABSOLUTELYmore you partner with someone who helps you with experience and knowledge on one or two flips to get you experience and use their leverage to help you.

I was wondering if anyone have experience with the Rotonda market and if I'm doing anything wrong.

You make a good, steady salary without all the ups-and-downs sales agents experience.

I do not have enough experience in tax.

I am going for a house hack with Fannie & Freddie conventional , After my 4th offer was rejected going over listing I asked the listing agent for some additional info and they stated that for this property there were 42 showings within 4 days. 1 cash offer, 1 commercial, 15 conventional and one FHA with 9 waived inspections, 11 escalation clauses and 5 appraisal gaps.

as U get experience to be competitive you need to be able to run the numbers in your head or on a napkin forget about calculators.. :)175 pprehab  30kcontingency 5k at least 6 month hold  depends on how much your putting down but lets figure 10k there.buyers in this price point almost always need seller assist on financing so 5k there.and then 7% sales commish250K X .93 =  232k  - 50k  has you at net loss of 18k.. 

Do NOT use a mortgage broker that doesn't have experience with FHA loans.