Anyways, my goal is to build a passive income stream to reach financial independence so that I can either start a nonprofit or small business where I help landowners who have historically struggled to access markets to sell their timber for either forest products like lumber, or carbon credits to help offset larger companies carbon emissions.

I couldnt count "future income" so they think I was losing about $2000 monthly when in fact I would be making at least an extra $2500 with the new place.My buyers broker suggested a mortgagor that has many loan products including a 20% down nonconforming mortgage.

However there are FHA products that allow some limited rehabilitation funds.

As you are vetting contractors, I'd recommending trying to understand what product they will be using. 

Well when that happens obviously there isn’t as much production and it goes down the line.

If you could find two flip-and-hold properties a year that met even a 90% cash-out refinance metric, you could build a portfolio of a dozen rentals before you even had to think about where to access more capital.That might be a slower strategy than you hope for, but if you did it that way, you'd definitely have a stable, productive portfolio that would spin off a fair amount of cash-flow.

You're at least a $100k shy of getting into single family product.  

Population in Memphis is declining will this be a desirable area for renters to live?

This was developed by one of our awesome product managers, Account Closed.

I would visit a non-traditional mortgage originator to see what lenders he or she works with and what products they support without a DTI.Credit score will have to be > 580 and cash position will have to be enough to cover the difference between 96.5% of appraised value and sale price, plus closing costs.