They would qualify for the FHA backed 3.5% & VA 0% down payment. 75% of the gross appraised rent counts as qualifying income for the loan.Anyone from individual investors up to large investment groups will find that no other real estate investment offers such convenient diversity, safety, and relative liquidity with such an incredible return on investment.

My goal is to flip property under individual name.

The county tax assessor doesn't inspect individual properties and likely has never even seen this house or have any idea what condition it's in. 

Also, if he is an individual and not an institutional hard money lender, he could make up his own terms.

I have read multiple books, listened to podcasts, read blogs/posts, and spoke with a few individuals and I am in the process of developing my plan.

@Jay Hinrichs CA doesn't have a recovery fund to pay consumers that have been harmed by RE professionals?

Make sure that you can sell them off individually as an alternate exit strategy.

Does it depend on the individual loan and underwriting?

Screening needs to be more targeted, and be capable of showing an actual connection between the type and age of conviction and the harm to be avoided by the landlord, such as credit risk, damage to property, or danger to other tenants.  

The job market is skewed so there are mostly low paying jobs (restaurants, stores etc) and high earning individuals (business owners) 2.