why is the owner selling?  

Of course, it would need to be non-owner occupied (investment property).   

I'm looking to refinance right now with a IRRRL so that I have the option to not owner occupy in the future. 

I’m new to house flipping but have extensive experience as the owner of a successful property damage restoration company.

I think there are bridge loans available for owner-occupied deals.

JamesYou do not state if this is for a rental or owner occupied.    

Some can be passed on to tenants, while others are usually the owner's responsibility:1.

After reviewing the cost to rehab and the area of town, I decided to Wholesale for a quick profit.Sold it on a Real Estate Contract (Owner Financing) with $100k down, the balance is financed at 10% for 13 months, then the loan is called.

Most lockboxes out there are not validating IDs when there are showing requests so it only takes one or two bad apples to land you in hot water with the owners. 

They did not catch the fake ID they got from a potential tenant until after the owners got a shocking surprise when they came to see why the property wasn't renting.