I too will be running up against the problem of my inability to obtain traditional financing in the near future as an agent.

Using a traditional solo 401k ira, then i would be able to reduce my taxable income by $50,000.

Traditional mortgage from BB&T How did you add value to the deal?

Is it with the savings to install a multi zone mini split vs a traditional A/C unit?

You have options such as, traditional financing as Nick mentioned but there are other options such as learning how to wholesale, networking with private and hard money lenders, doing a joint venture with someone who does have the capital or connections, etc. 

(2) In the case of Option B or C, is it a better idea to use an FHA 203k limited/streamline, so that the appraisal is based on ARV or "as-Complete" instead of the traditional process?

You also won't get rich from buying a property or two. 

I'll give you the 3ish books that have been MOST instrumental to me in real estate investing:The Millionaire Real Estate Investor - Jay Papasan and Gary KellerThe Book on Flipping Houses and its cousin The Book on Estimating Rehab Costs by J ScottThe ABCs of Real Estate Investing by Ken McIlroyIn these pages you'll find few, if any, shiny objects of "the one thing that's going to make you rich forever", but rather you'll find proven, fundamental strategies that work and are prudent to build your investing career off of.

You're also wrongly assuming this woman is poor and the landlord is rich.

I like rich dad poor dad and the real estate guys radio show.