Hi BP,I recently talked with an investor who buys houses for people looking to do a rent to own and collects 10-15% down, charges market rent (none is credited towards the purchase price), and marks it up about 15-25k depending on the price he bought it at.

I work a full time job and a part time job and have good credit.

Only really need one deal some require more. 3.5% origination fee, 9 to 12 points also depends on credit.

Massachusetts still has a 30% credit on place as well as a State $1000 credit.

With 20% down you should absolutely be able to find a 30 year fixed rate....although, I don't know your financial/credit situation...but getting a 30 year fixed rate, especially early on, will help you qualify for more deals in the future. 

Consequently, we have a harder time finding renters in those areas as we apply our same pre-qualifications standards to those units (Income 3x or more the rent; no previous evictions; avg. credit score of 600 or better).

You won the eviction and got a judgment which will ruin his credit.

There are lots of reasons why the person isn't getting a loan even though they have that much cash: could be maxed on the number of loans (10 usually). credit issues, contractor (1099) employment, etc  It can sometimes help if the buyer can provide a credit report to make the seller feel more comfortable.Good luck and welcome to BP!

Are there other options you offer, like a third party option for paying with credit ie (paypal) or a direct bank draft from a checking or savings- looking for ideas/options

I have a few goals as of now, and I wanted to start off with wholesaling because of the lack of credit and capital.