I'm thinking of your traditional non-qm/business purpose loan types.  

Is there a way to bypass that?

Take a good look at your budget and explore different financing options, such as traditional loans, FHA loans, VA loans, and private financing.

As a college student traditional financing won’t work for me anymore as I already had to get my father to co-sign my 1st loan.

Thanks to everyone for the votes :)  I shared the details of how this deal closed so that others may see that it is possible to "wholesale" to a conventional buyer, just not the traditional way we are used to....In reference to the "significant consideration" topic that is being discussed, Kristine Marie Poe pointed me to another thread where this was discussed and I read the thread and did my research on it, you can find my opinion here:http://www.biggerpockets.com/forums/93/topics/139634-is-illegal-to-pay-referral-fees-to-non-realtors?

The current condo I own is non-warrantable which eliminates utilizing traditional loans. 

Since the sellers are opposed to seller financing, consider exploring alternative financing options such as traditional bank loans, private lenders, or hard money lenders.

So, we do what we can to qualify for the traditional loans since the rates/terms of those mortgages are so much better.

Your post may resonate with someone who is in the process of listing a traditional rental but who had never previously considered arbitrage.Please keep us posted on this thread on how you ultimately find your successful leads.

Then I learn we can move them into a land trust bypassing this 7% tax then into and LLC.