How are you still able to obtain the property with little income to show for, but a lump of cash in savings? 

Anyone wanting to obtain the FACTS about him, can find documented evidence on our website. 

Not only did I obtain a property, but  I am now closing on the sale of that property in 9 days for an $87k profit.

I would like to thank everyone for the comments concerning my first question.Question 2: From reading some of the posts it seems that it is pretty unlikely to obtain financing in which cost of repairs are rolled into the deal.

. :)I keep thinking of creative financing as the creative use of assets to leverage the acquisition of another asset or to obtain some other financial benefit.

You still need to do a Private Placement Memorandum, obtain a CIK number from the SEC and file Form D. 

Depending on how extensive the renovations are, in many cases the architect that draws the renovations plans and helps obtain the building permit is then allowed to supervise the works by signing a "declaration  as the responsible supervisor" and the city inspector comes at the end for a final sign off, allowing therefore for a faster construction timeline.

I am looking to get started in Real Estate investing and was trying to obtain an LLC but I don't know which state to apply for one.

I think it's fair to re-examine what the buyer presented to you as the condition of the property upon obtaining the loan.

Personally, I HATE the fact that we live under a regulatory environment in which a guy with a good investment or business idea can't shop it to some people and obtain risk capital without worrying about arcane issues of compliance and disclosure written into law 80 years ago when the world was a different place.