The flip WILL NOT be eligible for 1031 treatment as it is inventory and not "held for investment."

I was planning on going with conventional financing with 5% down.

The only 100% conventional loan I know of is VA and some loans made to medical doctors.....or to those who can show they don't need a loan.

Ok, but what if I have no funds right now and I am in the process of determining if I am going to get money from a conventional loan or hard money etc...Do I go and find a house first then go ask for money or do I ask for money then go find a house ?

I suggest you approach other professionals with conventional type transactions to test their knowledge of the options available and not start by talking about no money down deals in a sandwich lease option.

The more educated I become on REI, the more apparent it is that my market is anemic for the conventional REI approach.

Discharge is when the court actually stamps it a done deal.Think you have to wait 4 years from discharge date for a conventional loan.Also...Creditsesame.comcreditkarma.comcredit.comAll give you free credit....Help monitor/rebuild your credit.You can get secured credit cards from credit unions that can boost your score.Seems like you are doing two different things.1. buying a home to be owner occupied2.

There are a couple of large equity funds operating in Indianapolis that are really soaking up the inventory. especially in the low end.

The only obstacle is that you still need to take the actions to get it as a SFR if you intend to use conventional lending to get the property in the first place.

There is very little distressed inventory and anything at even reasonable prices has many offers.