If you are 1099, you do not have an employer, and you are not an employee.You are an independent contractor, and you have a client. 

Because I'm a business owner/self employed, my finances only qualify me for a 15% down payment loan.

Talk to your CPA as he has your return and knows your marginal tax rateWhen factoring in your marginal tax rate, considerFederal TaxesState TaxesOther taxes, such as Net Investment Income Tax, Self-employment taxes, etc

I would say, watch out for the 'self-employed' people who are making their paycheck stubs on this  one app...

@Chris Seveney  thanks Chris the reason I ask. is this:I often wonder what the allure to wholesaling is for all these beginners on BP.. when in fact me being in and around this business for 4 decades I know you could not pick something more difficult to do than wholesaling.. and some get on here and have significant budgets to throw at it. 5 to 10k a month and they are just starting out so My thought was instead of wasting that kind of marketing money.. they could be buying a note a month.. and you validated that by saying notes are 5k and up to 20k.. at least they get something that they can actually do something with ..and the seller is motivated to sell.. not trying to talk a burnt out landlord or older folks into giving away their home then trying to talk a sharp investor to paying more than its worth :)… plus most of these wanna be break into the business wholesalers at the end of the day just want cash flow at least that's what they say.. so why not do what your doing.. find the notes.. buy them work them out.. cant be any harder than talking some seller into taking a low ball offer.. then get the cash flow which is what they are after at the end of the day ?

Rents should be increasing as new employers are moving to the area in the next couple years 

This can be avoided by using self-directed Solo 401k plan, but you must have legitimate self-employment activity in order to qualify for this vehicle. 

I have no US credit history, employment or income. 

There are several techniques to employ, but since I am not an attorney I am not allowed and would not in a public forum discuss those techniques.

As a realtor when I am screening potential tenants for landlords, I have them provide a full copy of there credit score from all three companies, a letter from their employer stating how long they haven worked there, 2 most recent pay stubs, cover page of last three months bank statements to make sure they have some money saved.