Just yesterday I had the same conversation with Jessica LaRusso at Seek Capital and they also offered me lines of credit through un-secured credit cards, offering 0% interest for 12-18 months. 

It tends to be the sweet spot in Detroit today because it offers the best risk-adjusted cash flow.

Then afterwards we make a plan based on potentially necessary renovations and decide together if I should make an offer.

You can absolutely make rhe time limit what ever buyer and seller are comfortable with.If your trying to convince a seller to give you seller financing while you flip the house a shorter time may be more convincing than a longer one.You could also offer some of the profits from the flip to help seal the deal.

Thanks to a successful reward crowdfunding campaign, we have raised the necessary capital to seed the project  and are on track to build an additional 6 units what is likely the first lodge in the US funded by a reward-based crowdfund.

In Louisville, neighborhoods like Germantown and Shelby Park offer similar opportunities.

If you feel the need to verify the income exists, I guess bank statements could be requested in addition, BUT depending on the type of self employment payments aren't always regular.

I have a nice down payment as was gonna offer a potential subject to if i paid their profits/ closing costs...but can you subject to a loan not in bad standing/ FHA?

All the book examples out there seem to only point to making cash offers on deals found this way.I realize that if it's too distressed, a bank won't lend on it and other financing will be necessary (hard money, partnership, private lenders, etc).

Think, the USDA brining armed feds to shut down Amish farmers for selling their unpasteurized milk, or the FDA allowing harmful chemical additives in our food that are banned in hundreds of other countries.