1) economic status is stable ... nothing too dramatic pending one way or the other 2) market in pierce county healthy ... more inventory than king ( Seattle )3) most of Tacoma’s suburbs seem much closer in proximity to the city as compared to Seattle ... there are a few areas that will be lower in price ( and not as desired ) 4) 

wasting your time.. 100% financing happens for well established experienced flippers.Beginners NO.you can try do hard money but of course they want 3k to have a hope of funding  deal so its not no money down.you would do much better finding a money partner to start than thinking you can do real estate with 1k of liquidty.Frankly all the no money down deals can happen in theory in practice for those with no money its darn near impossible unless your in a market that has huge excess inventory that folks are just dying to get rid of ..

For a conventional loan?

When searching the state inventory in Alabama, I often find parcels that are assessed as land only, but clearly have buildings on them. 

Can I just get a conventional loan for that kind of property?

@Nicholas Covington 30 year conventional 4.25%. 

My credit is not where it needs to be and I know I wont get approved for a conventional loan.

I've come accross the site through research as an option to my Bank Lending arm due to the Crappy Terms that I was approved for with the conventional route. 

Barely positive cash flow with a conventional loan.

Property #1: conventional loanProperty # 2: fha loanProperty #3: 30K to put as down payment, but can’t apply for another mortgage.What’s the best thing to do?