The lease is a traditional lease agreement you would typically sign to rent an apartment.

Traditional real estate investing wisdom says to go with debt, in the spirit of using OPM.

When you apply the numbers, you can compare the financial benefits between a program like this verses a traditional buy and hold property.

Fortunately, I've learned a lot and am now trying to put all the pieces together.Due to current situation, I've targeted Mobile Homes (have been following @JohnFedro) and straight wholesaling of traditional homes.Any advise on which to focus on?

I also went with a synthetic roofing underlayment that is supposed to be stronger than the traditional 15# felt. 

You can use it in invest and hold scenarios to carry the property until you can get traditional financing however the interest rate will eat all of your cash flow if the deal is not strong enough, and if you don't get financed in a year, you'll lose the property (Plus from what I've heard from talking to a lender, you'll need 20-30% of your own money in the deal, plus a few points).

You need about 25X annual expenses to become financially independent using traditional Wall Street style investment vehicles.  

I would pick whatever option results in the highest amount of cash for you and the smallest payment with no balloon.With the cash, you can buy foreclosures for example that may not qualify for any kind of traditional financing and it would likely give you the most amount of almost-instant equity.

Low credit score do to medical issues have kept me from going to traditional loan.

@Roy N. i will be using traditional financing through.