Only One Year of Income - How Can I Get Financing?

[Raimonds Lauzums]

Hello and thanks for taking the time to read this post,

I am 19 years old, almost 20. I dropped out of college to run my own business which does fine; beats serving burgers. I will be sending in my first 1040, netting roughly 25K in 2015. This year I am projected to net about 50K. I am able to show excel sheets showing I am on track so far to make the 50K. I have enough in the bank for a down payment, but not to buy anything outright.

Honestly, I know the answer to my question, which is "Will a bank give me a mortgage?" Honestly, it's a complete long shot. But I am getting so darn sick of waiting. I have been very patient last year, saving up my pennies, but I really need a property. I am very good at finding deals. I know you'd assume a 19 going on 20 year old is really naive in saying this, but for the sake of discussion, assume this is true. (My business revolves around finding and negotiating amazing deals every day). My father is in real estate but can't help me in any way financially, but he has been mentoring me since I was a toddler so I know a lot about real estate other than bank financing.

Houses by me are 75K-100K, so paying in cash won't work. I need financing to start. And I really need to start this year, I am not going to wait one more year to jump in the pool. I fear private money lenders will just scoop up the deals for themselves when I show it to them. 

Now put yourself in my shoes. You need financing from a bank. What would you do to get that mortgage?