I'm researching creative financing options for my first flip as I don't have a large amount cash on hand (FYI I've had a stable job for the past 4 years and have excellent credit if I were to go the traditional route).

The numbers look like they can work, but you need to evaluate the true vacancy history, the tenant turnover, the real expenses, any deferred maintenance, property condition, and if neighborhood is stable, on rise or in decline.Many investors are concerned only with the numbers.

It's a very stable and strong Mid West market.  

Our market rents have been very stable for years so its not like the market rents are justifying say a $25 increase every year.  

The people are kind and helpful, the economy is stable, and cost of living is reasonable.

Most of the sfrs that we have in the area are pretty stable, the multis can be headache, kicked in doors, bedbugs, evictions, ect. 

18 years old wanting to get into real estate investing, wanting to find out the best ways to increase my chances of getting a mortgage, can think of a few like good credit score, stable income etc. wondering if there was any more...

I once allowed a tenant to install a shelf for placing their microwave on.  

I would caution you to ensure that the major home systems (Roof, electrical, plumbing, HVAC) are stable.  

The market is very stable and one of the more stable in the US.