I have been renovating homes in NJ for twenty plus years and preservation since 2009, I was approached by a friend of fifteen years who is a general contractor in NJ as well about completing Fannie Mae re-models, he claimed they do not pay like homeowners but it is high volume, I figured let me try it and at worst just walk away.
Here is an example of what they expect; Repair all drywall and doors in home as needed, paint interior of a three story 4 bed home, painting includes removal of any and all wallpaper, ceilings get flat white, walls get matte light beige, trim gets white semi. Replace damaged and refinish all hardwood, replace vanities, tops, faucets and ceramic floor in all three bathrooms (remove and replace existing toilets). Remove kitchen counter tops and cabinets (upper and lower), install new cabinets (upper and lower), install new counter tops sink and faucet, all new shut off valves, supply lines, traps. Remove all lights and install new ceiling fans in bedrooms, flush mount ceiling lights in all other rooms including hallways, new lights in bathrooms including new exhaust fans, replace all outlets, outlet covers, new lights switches and covers, new GFI's in kitchen and bathrooms. Remove railings, stair treads and landing of a 4 steps entrance porch, then re-deck and install new railings. You are responsible for all permits and inspections. A thorough sales clean when complete, they give you a due date that allows 1 day per $1,000 of the job, the sales broker evaluates your work and scores you (your score and due date must all stay above 90% or they cut your work load). This job paid $15,000 with you supplying all material and labor then waiting 30 to 40 days for a check. I tried it for six months completing a dozen jobs and just recently walked away.
GOOD LUCK NEWBIES!!!