When you received the cashout deposit it to your bank, let it sit for two months this way the funds are seasoned then purchase ur homeowner occupied. 

One other point of advice that I recently received from a seasoned RE developer was that if you don't have experience in real estate development the odds are stacked against you and it's the "Third guy" who usually benefits from the infrastructure you develop when they buy your property, business, or both for pennies on the dollar when/if you have to execute on an exit strategy.  

Now not sure that would fly in todays lending world but maybe with some seasoning it would.. but they would set these up on 5 year terms.. with the home owner getting all the bene's of ownership and paying all payments tax's insurance. then at 5 years home is either refied or sold .. .with each splitting appreciation 50/50. now of course this worked in the bay area until the crash of 89 to 90 and many of these deals got extended out.. but when prices doubled again by 98 99 investor were able to cash out  folks got to live in PA with nothing down and have their kids go to some of the best public schools in the US... so just some thoughts  as I go down memory lane none of this may be feasible but maybe get you thinking

We get a LOT of water during our 'wet' season & snow melt!!!

You don't want to be venting warm, moist air into your attic.  

Find a deal and run it by an ethical seasoned investor at your local meetup.  

My comment about him getting a good deal was really in regards to the 350.00 credit each month in all seasons.

I would have thought that a seasoned investor in my area would have snatched this one up long ago!

Whereas a turnkey rental maybe a deal that, like us, rehabbed but have seasoned the tenant for several months. 

I ask this because this is what I assume but why do you see seasoned investors buying house after  house by borrowing money and not fear loans being due, is there something they are doing that protects them?