This will help alleviate barriers to renting an apartment, the law says landlords must give renters options other than a traditional cash security deposit.There are three alternatives: an installment plan that allows the renter to pay the security deposit over the course of at least six months; a reduced security deposit no more than the equivalent of 50 percent of the first month's rent; or rental security insurance in which tenants pay an insurance company a nominal nonrefundable monthly fee in lieu of a deposit.

The third and final big point/question is why can't you get traditional financing? 

I have a retired military student who is using his VA loan here in Berwyn, and he has been a solid tenant even though he doesn't have traditional employment that is more than part time.

It will be slightly more expensive than a traditional homeowners' policy, but you've got to make sure you're covered.

Had a tenant apply and ran her through my traditional screening with landlordstation.com.

Those are the main differences as opposed to a fixed 30 year traditional mortgage

With all the low money down mortgage programs, it seems that any buyer with more than $4K would rather try to purchase with a cheap traditional mortgage.Issue 2) I have not found that buyers are interested at the 10-12% interest rate I would want to get.Issue 3) If I finance a property with only $3K down and the owner stops paying, I have to pay for the foreclosure and repairs.  

You can refi out with a traditional bank. 

At that time, the gurus with something for sale seemed concerned with more traditional (but risky and/or difficult) investment strategies like no money down deals, tax auctions, short sales, ect… But as of lately wholesaling seems to be all the rage.

The best thing to do is talk to several lenders, including traditional banks, portfolio lenders, and others to see what they give you.