I currently manage and am renovating a property which supports my REPS qualifications.

If it's a larger organization, feel free to inquire about their staff qualifications.2.

So, the property type depends on your financial qualification.

You're saving all the monthly management fees, don't skimp on the most important part of the process, the tenant qualification (assuming they do a thorough vetting).

This is your best bet to enter the space as a 1st time investor with no experience, no capital, and poor credit.If you don't want to go the HH route and desire to have this be a pure investment play, then you will need a business partner / to Joint venture with someone willing to be on a loan with you so that you can use their credit and your combined assets for qualification.

I just went to fixer upper open house in local beach community (Encinitas) that was listed as all cash purchase and the selling agent was doing a pre-screening of qualifications prior to the open house.  

What are the pre qualification to obtain a GC license in your state?

Investment properties are a pretty common reason that homeowners do access their equity with Hometap for a few of the reasons you mentioned above: No hard credit minimum Application process doesn't involve W2, so business owners in unique circumstances aren't dealing with the same qualification criteria as a loan or other type of lending product. 

Lender qualifications/ and expectations of the property did pose issues during escrow.

If it's a larger organization, feel free to inquire about their staff qualifications.2.