If you know the agent and have a history with them then I would be much less concerned. 

I want to be wealthy, so wealthy that I can buy back all my time and spend it as i see fit, not doing what I "have" to do.There are non-recourse loans out there (no personal guarantee), but you have to have a track record or some other factor that can offset not having a history of treating banks money well.

The lender is going to weigh heavily on your credit history/credit score, your current debt and liabilities, the amount and stability of your income and assets, documentation from your tax returns, and the condition/value of the property being mortgaged.If I were in your situation, I would interview several lenders and find out what they require and what they value.

You may even want to get them to be your mentor.check MLS to find any history of the property; this will give you some clues as to what price the auction company is looking for.

This was biggest purchase in the history of my company.  

Then in 2011 it's likely that it did appreciate and they refinanced again.When I do my searches I use the persons name so that I get the entire history of what they did on all properties.

My houses in Henry, Douglas, and eastern Gwinnett (Lawrenceville) do better in cash flow terms than my houses in northern Gwinnett (Sugar Hill, Suwanee, Buford), which do better appreciation wise.  

It's more of an assumed ability to borrow + down payment.I'm sure I could qualify to borrow more with my credit history and debt/income but for my first property I'd really like something I could easily afford the mortgage on if the property was vacant for a month or two without any financial discomfort.Let me know if you think this strategy seems flawed - I am completely new to this, constructive criticism is welcomed.

My Professional history can be noted on LinkedIn.

Gift funds are considered part of borrower’s own funds.60 day history is required to verify the source of the down payment.