Wouldn't a buyer under these stipulations choose traditional financing instead, or is this just for people that don't have down payment?

While smart on FHA's part, made it a lot more difficult for buyers/borrowers using FHA's program to purchase in higher cost markets since the rent to price ratio typically needs to be at .90% or higher (approx) to make this SS rule fly.Freddie Mac Home possible is another program that is promising to lift this requirement and still offer a very competitive low down payment of 5% for 2-4 unit properties.There are a few stipulations and an income restriction for the borrower to qualify, but in most metro  areas  there are no income limits in a predominant area of the city.

I do have a printed sample of a lease, very basic and doesn't include any stipulations outside of the term of lease and tenants/ landlords listed etc.

So for CFK basically they are giving you the stipulations to get the $4k.

Can I stipulate cash buyers only?

The standard realtor fees are likely all we'll pay at close since the contract stipulated the purchaser pays closing costs.

What kind of financing is stipulated on the contract?

Only stipulation , construction funds could only be disbursed to licensed, bonded , and insured general contractors.

You just can't call a wholesaler and demand to see the contract and make a ton of other stipulations before they even know who you are.  

There are some stipulations with those loans.