I would never do a flip in a Market where it takes over 120 Days to to go under contract or close. 

@Amran MusaidYou need to to ask the seller as typically seller will only be in first position and not take on a second - so before going to deep down the rabbit hole this is something you will need to understand

They are not doing any type of verification of source of the funds, just that it needs to be transferred into my account prior to closing.

We told them they'd have to pay a cash deposit instead or move out.What we must do is to add a Rhino renewal verification to our lease renewal process.

When it came time to to buy and close on the home the management company had compiled 4 yrs of payment history that was reported to credit bureaus and had all ready reported the prepaid 10k down to the seller too.

My contact info is in my profile if youd like to to chat!

From what I've gathered (at least in my city), the truth is that you CAN do this, but the question is do you really want to? To

With the Advent of the Internet and many jurisdictions putting the Auctions on Bid 4 assets  you simply dont get the screaming deals like you used to.. to much competition and uninformed money going after the deals. 

You need to to get your deal to many buyers.

Wholesalers always like experienced investor but people just starting also need deals and they simply just don’t know to go to wholesalers if you can build their trust of wholesalers it can go a long way, then introduce them to hard money as a way to finance the rest of the deal- they don’t need income verification with hard money good luck :)