We're also considering getting certification as home inspectors in order to round out our knowledge and provide another alternative income source. 

I have a lot of experience with rehabbing properties and with alternative financing.

Most buildings don't quality for a 75 LTV more 65 or 70 sometimes 60 :-/If you can partner with some other owner who has units for cheap to offer alternatives. 

So I am looking at alternatives for people who have money buy so so credit.

I've talked to a few asset based/stated income/alternative income verification, etc. lenders but most focus exclusively on investment properties - which is great. 

Easy answer is to have your own set of criteria that makes a house a viable candidate, and some alternate relationships to direct those that don't fit your needs.

With proper investment, I plan to acquire properties with failing septic systems cheap and satisfy title 5 using alternative plumbing systems.

Should I go through a bank or are there better alternatives?

Having multiple exit strategies makes your investing a lot safer and more liquid.

I feel that my money would go further and be safer splitting a property with him (helping him as well) than in my inflated market.So i guess in general with this post, I'm hoping to hear from anyone who has experience in the area, specific areas to invest in, connections with investor friendly RE agents/contractors/property managers, anything will help.