This deal could work as a DSCR loan, which wouldn't require paystubs, tax returns, or W2/1099s.

This will be my first flip and I have questions on ROI. 

This may be an avenue for you to consider.

This is when I get references, credit score, and background check.

My PMS already has this built in and I know many others are working on the same idea.

I am just looking for others who may have experience with this type of investing and if in your opinion is it worth potentially floating the house for almost a year until next school year?

This is a single family home and was originally a primary residence before turning it into an long-term rental.Some strategies I'm considering to grow my portfolio are using a HELOC/1039 tax exchange to purchase a second investment property/multi-family property or refinancing my current investment property into a conventional loan to utilize another FHA loan for a primary residence (with the idea of eventually turning that into another long-term rental).I currently have a 7% interest rate, and am considering refinancing in the coming months if/when the rates drop.

Tenant not trusting this work as he is out of home when this work is performed as he has some minor surgery. 

Is this a 2nd generation space or a shell? 

What class of property is this?