You need some sort of insurance that covers non-owner occupied properties, whatever it might be called.

He started out clueless and he is now just doubling down with the lies in a poorly executed blackmail attempt of sorts.

These types of loans typically require at least a 10-20% down payment, as lenders want to see that you’re financially committed to the project.There are ways to get creative but they still require some form of skin in the game. 

As I said usually when companies cant cut checks right away its some sort of cash flow issue.

I have $25K cash for a down payment and can add $20K/year ($1,600/month) toward payments.No W2s, I've looked into building a small home right away and using a bank statements loan (have about 8800. monthly income) , but with 9%+ interest rates, it’s beyond my budget.Is there any sort of creative financing ideas possible or private lender possibilities?

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

Just addressing the comments made previously.The Subto “community” is 4 blind men describing an elephant (look it up) and perpetuating wrong information.Yes, Subject To is legal when you do it legally and safely.However, Here Is Reality:When you deed the property back to the seller, you create all sorts of problems.But, Take hope, there are solutions.

They've become a sort of extended family.Otherwise, I had done wholesale acquisitions and a live-in flip.I have a YouTube channel with a few videos that discuss house hunting, nuances of buying real estate in Italy and show some of our renovation process. 

Gotta have some skin in the game. 

There is a reason we lenders require "skin in the game" and experience.