I have good credit, but not sure how to obtain financing with my current income so I am looking for financing options that don't require me to provide 2 years proof of income.My current plan is to do the following but would like a professional opinion before proceeding.

That way you provide home ownership options along with rental options. 

My offer was accepted and we were put under contract for a bank owned home that was recently foreclosed.The four point discovered errors that needed to be rectified prior to obtaining conventional financing.

The HOA in which the unit I am purchasing provided their HO-6 policy to our lender and our lender is questioning the following as it appears on the policy:Special FormReplacement Cost (Actual Cash Value on Roofs)The verbiage in parentheses is the one causing the hold and need for clarification.

With over 20 years of experience in real estate and having navigated various transaction types, I'd be happy to provide more personalized advice on managing such investments effectively.

I basically try to adapt and work with whatever the market is providing me..

BTW I have 0 experience  ALL you need to do is connect with those that do have experience and provide rentals to OOS cash buyers,, BTW, I live in FL, and do all my business in OH, , 

I appreciate time and efforts of Kim, Adam, and Ryan to provide such clear and informative answers!

@Samuel Metcalf- sorry ...getting  heloc on the rental duplex  will be hard / impossible to obtain ....if you can  get one - it would be a great option to use for the  remodel / landscape ....if you have  50K equity in your primary -you likely dont have  ample equity position to get a HELOC  on it as the max  comboned loan to value for helc lenders is  85%  ( maybe  90% ) ...I would try getting helocs on both to see whats possible ...if no heloc is possible - use the cash on hand for the purchase down payment / closing costs / loan fee/ prepaids and then use future accumulated savings for landscaping 

I will need a lender to provide the money for repairs, then I can refinance and rent.