My bride and I want to invest in downtown condos in some select markets like KC, but for now we are trying to raise the money and develop the credit to do so.

My credit is great and I have additional w2 income as well.

I had send the judgement paper to a collection agency, before I proceed to take the fraud claim action I wanted to see if they are able to recover some of my money, which takes 60-90 days to have an update.I don't want to get my hopes up on this and was preparing for the worse.

Try other local community banks and credit unions and if they will not approve conventional then inquire with their commercial department.

We have great credit scores and high income.

We're under contract right now for $480 with 2k credit back from seller to cover closing costs.

I am preparing to close on a flip, but am feeling like my goal of picking up 5 more units (good deals) this year will be tough.  

I would be willing to help with any bookkeeping, financial statement preparation and general tax advice.  

I have no debt (car paid off, no credit card debt, no student loan debt) and pay no mortgage on my current home, so the $3k is unburdened cash. 

Yes, even if the OF deal isn't on your credit, it would reflect on your bank statements and your tax returns.Biggest tip - get the property appraised so you don't overpay.