So, specifically, I will need to qualify for a traditional loan and close with the seller and then immediately close with my buyer.My concern is that I cannot currently qualify for traditional financing so that pretty much leaves it up to my ability to get private money to complete the close or limit myself to only assigning lease options.

You don't have Dodd-Frank issues in commercial but you can have basically the same areas of concerns with predatory lending/dealing, ability to pay, short fused balloons, management or experience is more of an issue for a borrower, level of sophistication is higher.

@Jason Wiles The ability to replace homes is the first thing I check.

I will not call someone with the ability to raise millions of dollars let alone a bank account with millions of dollars a blind idiot.

We aren't jerks but at the same time we politely remind them of the protocol, and if there is attitude or other slide remarks, we remind them there are other buyers in So Cal who may take it off your hands without jumping through the hoops we have them go through.

Getting the wrong type of money (HML) for a rental property can be your worst mistake especially if your ability to refi is not an option.

I am planning on taking real estate classes but not getting licensed because it may restrict your ability to bargain.  

So for me the negative effect on my borrowing ability on cash flow producing investments isn't worth it.

My humble opinion after being on BP a bit and reading a lot of material:If you have1) Good common sense.2) The ability to read and absorb material.3) Are self motivated.4) Have decent math skills.Then you don't need a guru or class or best techniques training.

We will have moved on to other areas or property types that will yield returns.Anyway, I might get run off of this post for my lack of ability to discuss cap rates at length and so on and so forth, hopefully not.