Depending on your funding (cash reserves, equity, financing, etc) and your future plans, both methods are great.

If bank financing is involved, make sure if the lender is satisfied with your choice of inspection company/method (if they deem a report necessary). 

Some LO investors who use this method also record the memorandum of option on the deed, and release their interest on the deed upon assignment (or release of interest). 

I want to make investments I can repeat so this method doesn't seem to solve that issue, just cut it in half.

With that being said, there are creative methods to financing.

Thanks @J Scott, I saw someone else mention that method in another discussion and I believe they mentioned getting the idea from you.

Hi @Aaron Jones,Here it is, directly from Fannie Mae (which for the record is not "the government" in the way you are thinking):Variable IncomeAll income that is calculated by an averaging method must be reviewed to assess the borrower’s history of receipt, the frequency of payment, and the trending of the amount of income being received.

Different methods of attack.

My job is extremely secure, so this risk is minimal for me.I will say that my views are based on using that money for a flip or a BRRR method, where the loan is short-term and paid back quickly.

So you can find your method that works for you.