It all depends on what the individual would do with their risk tolerance.

Basically my process now is to find a property that the numbers work with.

Rent-to-own or lease-to-own agreements can be a form of owner financing, where the buyer rents the property for a period of time with the option to purchase it at a later date.Check Eviction RecordsAn effective approach to identifying landlords who may be interested in owner financing is by reaching out to those who have faced tenant-related challenges and the demanding eviction process.

Screening is a huge learning process. 

If you don't have multiple "REAL" private money lender individuals cash or 401's, It's impossible to SCALE and really grow. 

It ultimately depends on your individual investment goals and risk tolerance.

I’m planning on finding a property in my area, living in it for a year while doing some minor improvements, then renting it out and repeating the process 😁.  

If that is the case you need to narrow down your goals such as how much you want/need to cash flow, how much management you want do with tenants, and how involved you want to be in the entire process. 

Have them take you through the whole financial process to see how they determine the metrics and how they assess projects. 

They set up the process as a preliminary ‘interview’ and then if you get the first screener’s ‘recommendation,’ you move on to a 2+-hour ‘interview’ with the ‘director’ to ‘dive deeper and see if you’re a good fit’ because ‘Phil is very selective’—so selective, in fact, that ‘less than 1% of applicants are accepted to join.’