Advice Please!!

[Justin Turner]

I'm trying to get financing on my first investment property for my first "flip"that I found and have under contract for a good price. I'm 20 and I have roughly a 640 credit score. I make 35,000 yearly. And they said I am approved for the first home buyer loan. But I would have to live in it for a year or more until I could sell. Since I will not be living in the property. A Section 8 tenant is living there right now, until the property is sold. They put the loan in a differnet category. And I do not qualify for the commercial loan they said it is. Even with a co-signer?!?! Any suggestions? Thanks, Justin.