Then any rental income you could obtain from that property could be used as an income source for loan pre-qualification.

We rarely have issues, but it seems like such a small investment in time and money to take one day to verify. 

With the FHA loan you won't need a huge amount of your savings.

It was taking weeks and months to make small progress on these properties, and I was getting discouraged at the lack of progress.  

I am also the building inspector for my small town and I certainly know who the good subs are and arent.

DIRECT MORTGAGE LOAN COMPANY6.

A better option if you can swing it is to purchase with your own funds, gain access, then refi into a loan.

Let's say you borrow $100,000 to pay off your $50,000 IRA loan, $25,000 on credit cards, and keep $25,000 for finishing renovations.

In any event you can see what the SEC thinks of modernization here:https://www.sec.gov/news/press...I have read of late that small family offices can pool non-accredited investor money to qualify that entity as an accredited investor. 

I borrowed $30k on a personal loan from Discover for 15% with no fees for a plot of land and paid "cash" for it.