When it comes to traditional lenders, smaller local or regional banks tend to be the best.

Just make sure you document your JV in writing with someone you trust.Less trouble is long-term hold in renting but you have to get creative to turn a traditionally low yielding asset (rental real estate) into something decent.  

Long term, I'd rather stick with hold properties, and sell only if the profit is worth more than keeping it.Since I've learned a lot about REI and how it works, now I'm looking for the other options out there when it comes to financing a multiunit property besides the traditional home-buying method, what to look for in a property, then how the properties are maintained physically and financially.I'll more than likely share my journey here (since this is the only place I can talk REIs and no one looks at me confused!)

It's my understanding that you can roll some repair costs in with this loan- and that this is traditionally a 0 down loan.

Which is better, an FHA or traditional bank loan?

All of the traditional marketing methodologies (bandit signs, direct mail, networking with wholesalers, etc) work if you put the time and effort in.Feel free to contact me directly if you have specific questions.  

Instead, you should calculate ARV the traditional way and see what it would be worth now.

What I am trying to do is get this done without taking cash out of my own pocket or going through a traditional bank because they are not willing to work with me.I've got a property that I am able to put under contract today for 45 days (Property 4).

As I am brand new and going from being a Traditional landlord to wanna be Wholesaler and later Rehab/flipper.

Many hard/private lenders can fund a deal in a matter of days where a traditional lender can take weeks to give a final approval on a loan.