The contribution to a traditional IRA may or may not be fully deductible depending on the contributor's income and whether or not he is covered by an employer-sponsored retirement plan.

You can't get a traditional mortgage with a LLC, only a commercial loan

Traditional home owner's insurance isn't always comfortable with the new liabilities that comes with rental properties so their coverage will likely be less and the policy may end up being more. 

Bridge lenders would look at this more openly than a traditional bank.

If it's a traditional lender (bank) the property will have to be livable.

if your area EM D are traditionally small or what have you FLASH cash works as well.. just walk in with 10k in cash and fan it at them.. leave them 500 or 1000 to sign the deal...

You may be forced to use a non-traditional lender (ie: not a major bank).  

Unfortunately, this has caused some hangups with traditional mortgage lenders since I have been 1099 for right at 1 year now (they seem to want two years). 

I'll be sure to focus on more traditional payment methods when soliciting advice in the future.

From what I have read so far my interest is leading me to wholesaling as I don't have the capitol to go the traditional route.