He's buying a primary residence with private money, refinancing to a traditional mortgage and living in it.

Especially since it cost the seller less than listing it.But, if I were to advertise to home owners, sought out sellers, began contracting as a business venture, tied up properties taking them off the market, didn't have the ability to close the deals, went out seeking buyers by flipping those contracts, my reputation would be mud!

I don't have the cash or credit to be a traditional RE investor.

I will warn you, we buy the trailers at really steep discounts, huge, under 20K, usually way under, so unless you can get a really nice one at a huge discount simply buying and selling as in a traditional wholesale may not be the route to go.

No, the Vikings tease, they torment... they build your hopes up high... they get your expectations roaring... then they punch you in the gut, tear your heart out, drop it in a puddle of mud, and absolutely STOMP on it. 15-1, lose in the NFC Championship missing a FG after not missing all year. 41-0 in the NFC Championship... field goal range INT in the NFC Championship...

Also, keep in mind that negative cash flowing properties work against you with a traditional lender. 

I did rate shop, but really, none of the traditional lenders could match what I was trying to get.

If you are going to move in at some point anyway, why not just use traditional financing and do a live-in flip? 

I can leverage the cash value from now till the time I retire.Here's the logic behind this: Life Insurance Cash Value can generate 2 to 3 times the retirement income of money in traditional retirement assets.

@Anthony Dadlani this specific scenario might be only once every 5 years, however, I wouldn’t mind partnering with someone for a more traditional flipping strategy.