Loans involving investors like I describe above get an A grade and get gobbled up on the open market. 

The only details I have currently are that he placed 10% down 5 years ago so is currently paying PMI on his loan.

This could be middle aged couples looking to downsize, young adults looking to be mobile and save some cash - especially around this rental market in Denver- or people who may have been in some financial issues who are finding it hard to be approved to rent or get a loan, etc... 

I will layout some information below and I am all ears to advice from there.Current savings: $12,500 (with the capability to pull funds from an IRA if need be)Currently working with a realtor I've worked with before in my rental market who is also an active investorI have the proper steps completed for a DSCR loan from a company found right here at BP and the process was smooth. 

Or consider a hard money loan to help with your first flip.

having trouble getting a home equity loan due to my work situation. 

Have you done any MF student housing in the Southeast?

I know a lot of first time buyer loans want you to stay in the home.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

@Roger West You should have no problem getting a construction-to-perm loan.