I don't do many traditional quick flips anyore because of that.

I know they're different than traditional loan packages and I'm not nearly as familiar with the process.

But to put down 25%(almost 30k) plus closing costs is way too much cash to put out.I tell people all the time, "Act like you are broke, but want to get into real estate investing even if you have money"  You have to try to find ways to get into the deal without going the traditional route and spending 35k. 

It is not impossible to find properties that cash flow using traditional financing but it will be tougher. 

This could be good, if the equilibrium is one where, higher capital demanding loans are financed through the securities markets and lower capital demanding loans are financed in more of a traditional portfolio method.  

Also, independent of the FHA 203(k) consultant, I ordered a traditional home inspection.

A traditional lender will take all other factors into account, and if they don't like what they see then they simply deny the loan.

ARV is 170 to 175 there is a rush to get 23,000 from the tax buyer before August 14th or I lose the whole deal I'm considering getting the property for myself to hold for a few years then sell my credit is terrible and I know I can't get traditional financing for this distressed property what can I do? 

As such, I don't have the traditional steady pay of a "regular" job.

If it's with a traditional lender then they'll want reserves and will want to know where you got the down payment.