Banks aren't going to give tha, or conventional loans every year I don't think that's the problem.

ThanksGreg You didn't specify the upside nor speak of a value add play in the deal so it's a little difficult to speculate how to best structure a creative financing package.Assuming it's a value add play with good risk adjusted gains at the end of the process then maybe the safest route is to negotiate a wrap transaction with the seller, and if your are concerned about a due on sale clause make it contingent on the lenders approval.The seller will confront these same financing scenario issues with all other buyers so if they want to sell the property then they can either deal with the issue with a reset and able buyer, you, or kick the can down the line looking for another buyer who maybe willing to assume a less than stellar financing package.As the buyer though your only concern should be the financing package that delivers you title, assuming you plan on making extensive improvements to the property, and allows you to earn what you determine is a reasonable cash flow from the project.Options aren't bankable.

. :)@Vincent Crane your comment about city/permits/etc - the tenants aren't Section 8.

I also send out list of upcoming properties to investors (some of which aren't on the mls).Investing wise, I'm currently taking courses to get my real estate license and plan to create an automated wholesaling business that doesn't need me and still cashflow.

Why aren’t you starting on them right now?

We aren't familiar with how this market works, or even who we would go to, to get a valuation. 

We aren't holding on to stuff until the market peaks.

It's not "gang" dangerous per say (you aren't likely to get shot at for walking down the street in the wrong color coat, rather, the biggest concern being dirty needles as opposed to much else), but again - anyone who has lived there will tell you it's far different than say, checking out homes in the British Properties of West Vancouver.

They aren't really very hard to qualify for. 

(remember, you are hiring the attorney to help you proactively protect yourself for the times when things aren't going well).