It also said "conventional financing considered". 

You can go the hard money route, fha 203k rehab, or conventional home style.

If you'd be using a conventional (i.e. 30 yr) loan, then I don't believe you can do this directly, or at least it would be more hassle than it's worth. 

Are there really that many people who can afford a $25k option fee who would enter a rent to own situation with you rather than purchase a house conventionally?

You’ll likely need to financing on your own. 30 year conventional loans are out since each loan would be less than $50 k or so, and very few if any would or could loan that little.

They're still considered capital gains but the STCG rates equal ordinary income rates.If the holding period is longer than a year, you will benefit from the long-term capital gains rates, which are significantly lower.Keep in mind, if you're flipping properties and are classified as a "dealer", the properties are considered inventory.

We might need pricing to flatline for buyers to catch up to the inventory on the higher end. 

. $200 before utilitiesI ended up using a portfolio lender for this property, as I could not get approved for a conventional loan, due to a 12 month sabbatical I took to travel the world.

I was lucky on both of mine and having conventional finance helped me out on my second (i was the lowest offer, but they had just had an offer fall though on financing so they went with mine). 

@Mike DornemanLooking at a 3 or 5% conventional loan, budget as far as purchase price is ideally less than $260K, buy and hold, ideally 1K in cash flow per month and 2-3% appreciation per year.