I just passed on a deal at 6840 Grantosa Dr, 53218 because there is some differed maintenance that i'm not comfortable doing from NY.  

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All that you should care about is working backwards on your deals so you're investing in the kind of model that you're comfortable investing in.So what is your financing model?

I am not sure how comfortable I would be if I have to travel a ways (expecially during reno).  

Whatever you do, don't let your fear of "missing out" get you into a bad deal ... keep trying until you find a good deal that you can put some sweat equity into and comfortably afford to hold through a downturn, and yes it may take a downturn until you find one.

And then find out what your options might be in a worst case scenario and whether you're comfortable with that risk.

This will save you energy wondering about your DIT, etc. and allow you to move into the buying stage with a comfort level on your ability to get financing plus strengthen your offer with the strongest possible pre-approval.If  you would like to talk further message me.Regards,Tod Novak

There are numerous types and uses of property that qualify and it is up to you and your accountant to be comfortable with your treatment and intent for qualification of the property.  

This new wrinkle is adds a layer of complexity that I  am not comfortable with.

I would find out how the seller needs down to feel comfortable and go from there @Robert Hidrogo.