Naturally, avoiding statements directly about race, religion, etc.

If you could find two flip-and-hold properties a year that met even a 90% cash-out refinance metric, you could build a portfolio of a dozen rentals before you even had to think about where to access more capital.That might be a slower strategy than you hope for, but if you did it that way, you'd definitely have a stable, productive portfolio that would spin off a fair amount of cash-flow.

You're at least a $100k shy of getting into single family product.  

I am also a firm believer in procedures because I naturally tend to be too caring with people and you have to remember that it's business.

This was developed by one of our awesome product managers, Account Closed.

I would visit a non-traditional mortgage originator to see what lenders he or she works with and what products they support without a DTI.Credit score will have to be > 580 and cash position will have to be enough to cover the difference between 96.5% of appraised value and sale price, plus closing costs.

That said, you prob wouldn't ever want to put 200 units of one product size/offering in one location. 

I apologize for the rookie nature of this question, but want to make sure I'm covering all of my bases.Thanks, Mitch 

Most of those loan products are stated income so there is no income verification 70% to 80% LTV is the standard for new purchases- (You did not mention credit but there will be credit score min requirements for these type of products)

This was developed by one of our awesome product managers, @Vivian Killin .