Is there someone (possibly a more real estate minded CPA) who we can tell our future plans to and they can educate us on all of our options?

@Joyce Kim, have you considered your options under SB9?

For a unique deal like this, you may want to run it through several brokers to see if they have any options for you. 

Hey guys, im located in Phx,az and would like to invest on my first property here, I would like to know what are my options, I am self employed and bring in about $4k a month (mostly cash )no paper work to trace my earnings (im in the car selling business)  , experian score 630  1 delinquent acct but it was paid off many years ago, Ideally i would like to put down $10k to $15k tops, what interest rate do you all think im looking at.

After looking into their website it sounds like a great option for true passive real estate investing.Here are some key take away from their brochure...- No lockup period- Monthly distributions with no fees- 14 years in the business- Over 2,000 loans originated- Stringent lending process with solid approval guidelines- Promises an 8% hands free return- Combines private cash and IRA investors into a pool for loans- Funds are used by real estate investors to buy and rehab distressed properties which are insured and liens have appropriate title insuranceThey have 300+ inventors, closed 2,000+ loans, $550m+, and 0 loser since 2008 when they opened.

Lots of valuable insight on this thread already..Since you are an agent, you are in a good spot to source, close on, or sell potential BRRRR deals. 

@Abe B.Baseline is a great option.

Honestly, our best source of tenants has been furnishedfinder.com .

You can't discriminate as to legal sources of income or government benefits.

Another option if this is strictly for investment purposes, you could try to go DSCR. we have one lender that will allow for 1-4 units (inv. prop solely) who will go as low as 620 fico, but your LTV may be limited to, say, 70%. qualifying would be based on the rents received, not off your $100k income. there are options out there, keep working at it and get a 2nd opinion even on a full-doc loan. hope this was helpful to some degree!