I am aiming for a home between 150-250k, which i can afford if all hell breaks loose, at a 5% conventional 30 year term loan (unless a lender or someone else can suggest me a better loan) My question is what are the minimum requirements for obtaining such a home (capital wise, credit score wise, salary wise) Who can i specifically talk to for these numbers and help me understand tenant demand, areas, and more specific information about my market?

And by turnkey, either going through a turnkey provider company, or if you're in Minneapolis, I'd imagine there are local cash flow options, so you could just focus on finding a property that's in good turnkey condition so it requires less work.

I know most lenders have 6-month seasoning requirements, but there are a few that can do cash outs at 3 months and even fewer that can do it instantly. 

Down payment would still be $60,000.Of course if buyer defaults on the loan I would still foreclose, and I would require home insurance/property tax in escrow like the banks do.Do you think this would work?

You will want your vendor agreement to confirm their status as an independent contractor but workers comp insurance policies apply to companies that have employees and I believe is required in all states besides TX (don't quote me on that).

I'm desperately searching for a financing option for my spec homes that will give me better terms than the 10-12% interest plus $10k closing costs that my current HML is giving me.I tried doing buyer-financed, but they haven't been selling very well (although I really haven't waited long, I'm just impatient).

I don't think a brokers license is required here in Kansas, where I live in order to manage properties. 

Are the sellers requiring you to use your VA eligibility to assume the loan? 

Correct, many lenders require a 6 month seasoning period, but there are a growing number of lenders doing 90 days or less right now, especially if you can show that rehab has taken place.Are you currently looking for one in Detroit? 

Let me know if it is possible or not, and in both cases what would be the requirements?