It merely needs to meet Fannie Mae's minimum guidelines for them to sell the loan to Fannie Mae.

What would a refi look like if I did it to fix up and immediately sell it? 

We have thoroughly enjoyed the process of adding our personal touch to homes before selling them.

(I also wonder if this vinyl is a good selling point at least definitely over carpet I think?

One option I am trying to decide on is whether or not I should purchase the house myself as an investment property with the intention of either renting it out or fixing it up and selling it.  

If you don't have reserves then you can be forced to sell the property to cover the costs.Managing out of state is not as tough as you think.

I forget the name for it but it's when the owner sells the property to you directly and they basically become the "bank".

The 2 properties are rehabbed and my contact is selling them for 110K each.   

He and his siblings are looking to sell.

I know there has to be a rational explanation for why someone would sell their apartments.