This may be your biggest hurdle in your ability to get a traditional loan.

I negotiate 18-24 months with the hard money lender to "buy him out" of the deal, basically pay him all cash for the mortgage balance or refinance with a traditional lender.I then go in and do what I do well, fix the property, fix the management, and thereby raise the value of the property.  

I have very traditional parents that are forcing me through college while the market passes me by every single day.

in the traditional way you are right, but there are buyers I've picked up that also need to sell their home.  

@Tim Pugh @Christian MartinezWelcome.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

@Christian- I have a relationship with the Vice president of a small community bank here in town.

Christian - I will reach out to you.

Would you recommend this as a strategy or would traditional dollars be more advisable?

Or are they using non-traditional financing to buy their properties and then refinancing with other types of products since closing with hard and private money typically require less days for closing?

The seller naturally once the property on a balloon payment after 5 years (92k, I think i can bring it down to 80k but that's another story).How would I go about doing that without a traditional lender?