Here is more on Home Possible:http://www.freddiemac.com/homepossible/Here is a lookup to see if your property is in a census tract with no income limit for Home Possible:http://www.freddiemac.com/homepossible/eligibility...For Fannie - yes, it is possible your DTI is too high but that would mean the opposite of what you said for Fannie above (the lender said your income was too high). 

http://arcapital.com/sba-504-loans/note only linking this because it was easy to digest and relevant to your state...

I'm still digesting as much information as I can about wholesaling techniques and would love to chat more with any other wholesalers, investors, flippers, etc. to be able to serve as a future helping hand.If you guys have any opportunities for a mentee/shadow, I'd love to be of assistance.I'm definitely sure I'll be back with tons of questions, but for now I just wanted to get out my first "hello". 

@Dalton DyerA lot of information and comments to digest.

@Elliot Rudmann and @Chris Wilburn - Just an FYIThe home possible is 5% down with no UMIP and PMI is about $50/mo for every $100k you finance and is only available in certain census tracsThis program is 3% down with no UMIP or PMI and it looks like it has similar census tracts as the home possible, but it can only be on legal 2 units and a max loan of $453k

There are many census tracts (sections of land) that don't have any income requirements. 

I've been in contact with a seller who has an acreage tract with a newer manufactured home that has been tied to the property. 

It's cheap and easy to digest, and full of practical advice. 

I am an agent myself and I need a second opinion on a CMA valuation for a 15000sqft tract.

Confirmed with the neighbors that the other models (tract homes built in late '70s) were 4 bedroom.