Some of these can come as you progress forward. 

agreed, for most beginners and those building their holdings, the day job is part of the platform from which you work, something that helps propel you forward in real estate and investing (a lever to do more, not hold you back), allowing for steady income, access to credit, benefits and security....part of the beauty of part time landlording, for example, is that if done right, you can work many day jobs.....

I also have 2 rehabs in progress in Phoenix and am getting ready to purchase two more flips in Phoenix.

I have a steady 9-5 job in IT so this will be part-time for now.

It depends on how good your credit is, and how steady your income is, but based on my experience I would think at a minimum for your investment they will want to see that you have enough cash available for a Down Payment + Closing Costs (5K) + 2months Taxes/Insurance. 

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

I'll keep everyone posted if any progress. 

I added a blog on seller financing for your review as wellhttps://www.biggerpockets.com/renewsblog/2011/7/20...To be more successful, you simply have to work on the other elements to progress your REI pursuit.

You mentioned an interest in multifamily units and as such I added the below linkshttp://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/ (guide to buying a duplex)https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)To be more successful, you simply have to work on the other elements to progress your REI pursuit.

My business plan & strategy is to buy C/D properties in the "path of progress", rehab up to rental grade for the area, and keep renters in those properties for the 2-5 years the property values appreciate and then renovate those properties again for resell after they've doubled or tripled in value.