Maybe I should take a closer look at Vegas and at least see how it compares with the data I've put together. 

Is it possible to get financing without the bank seeing a traditional 2 week pay stub?

You'll also want to do some research as to how your unit compares to all the other units in the area.

Probably an excess contribution under 4973, but those are very lightly penalized compared to PT's.

If that thing is highly unlikely to pass any kind of inspection or appraisal for standard/traditional bank financing, then who is going to buy it? 

Typically, when working with wholesalers, you cannot use traditional financing as it takes too long to close. 

Comparing 5 Series to 1 regular LLC strikes me as a loaded comparison. 

Typically the most you can get from a traditional bank is 80% LTV.

need help to make sure i have the right steps ( basic format) -find cash buyers & their criteria -drive for dollars , organize info into my laptop-find comparable prices to what its ARV could be - call the owners & pray that they are motivated & find out if they owe anything - find a contractor to help me estimate the rehab costs -offer -pray that they sign -go to title company ( & say what?

I think when once you know what you really want go from there.What are the surrounding properties comparable to your's going to rent for?