If I do get seller financing on the deal (whether it be sub-2, L/O, Land Contract, Trust Deed, etc) AND the note gets called due should I be worried if my flip time is one month and it takes another 60 days to sell?

To answer your question FHA is the easiest way to buy this 2-4 unit property building if you dont want the underwriter to question the distance/commute of your main income source then you can use the "kiddy condo," method which is you are the primary occupant and the income used to qualify is from a co-signor on the loan such as parents, family, or relatives.If you have a job the UW it may draw suspicion like another LO above mentioned since its not realistic to have a primary residence that far from your occupation.

See Mindy Henderson for a referral.Here is a map showing in what states I can operate.http://mortgage.nationwidelicensingsystem.org/profreq/testing/Documents/UST%20Adoption%20Table%20and%20Map.pdfThe rest of the states require a LO to be approved by their state commission individually.

Should I present all possible options (wholesale, L/O, list) and state that within 2 weeks I could list it for the seller?

Realtors will typically blow up a L/O deal on a listing of theirs because their commission tends to disappear. 

fyi...NOT worth the time for 1 months rent....would rather assign a LO contract for real $$$.....4-15k :) My 2 cents

FYI...either MAKE up back payments or WALK AWAY....after 15yrs doing L-O's.......Matt

I've found a few people who are willing to consider a LO, from the other side of the US, which got me thinking.

v=FmO4eXcVd8EThere are so many friggin lawyers in Cali I would never do a LO or Seller Financing Deal without a RMLO. 

The fact that they are purchasing the house at current value is a benefit for them in LO and they are paying for that with the option deposit and higher rent.