We would love to do a flip one day but I feel it is an additional risk if you aren't living close by the house  that you are flipping.   

There are additional rules relating to this, but that is the gist of it. 

In addition to a full tenant screening, you can request pay stubs, w2, etc. in the application they submit.

Risk thresholds are very different for everyone.We had one listed for a client at the end of last year, but we saw it get pretty saturated, so we had them remove it, do a few additional repairs, then we relisted. 

The tenant has agreed but asked for an additional 15 days before they move in to get it all together.

There should not be additional charges for remote notary.

What additional renovations can you do to raise value without over renovating.

You could use the $50k net proceeds if you decided to sell as a down payment on two additional homes worth approx $100k each.  

Additionally, the conventional conforming loan limit for Larimer county is $871,450, which is a little higher than the FHA loan limit. 

I own several personal assets and have a family so I absolutely want to protect against risk.I'm sure I missed some information that may help answer these questions, and am happy to provide additional information.