So, if the property is...unique...and doesn't qualify for a conventional loan, a portfolio lender may decide the issues are no big deal and make the loan.If nothing else, you can at least plead your case to a portfolio lender!

I was very candid about my intentions with my loan officer.Now, based on my income and situation, my loan officer told me that I qualify to purchase this home as a second/vacation home.

In those circumstances, you'll have to do the qualifying underwriting and otherwise be in compliance with DF.  

.- I would like to position myself so that I could be able to work on similar deals with my business partner in the future.Any advice, including tips on finding a qualified CPA/Attorney to work with and working with someone out-of-state, would be much appreciated.

IE to qualify and create income to save for reserve fundif you don't like your job and want to get into RE then get into it.get a license decide what type you want to do and go do it

@Emilio BasaFor a conventional loan you're income is going to qualify of your Schedule E.So you could be cash flowing but depending on how you do your taxes you could be showing a loss.  

After being employed for about 6 months, we should qualify for a loan, but until then, we need to get owner financing or lease option on a property.

You don't want to waste your time or the sellers time if you don't qualify. 

That said, you still have to qualify for VA payment wise and would probably need a "normal" income stream for at least two years until you develop an income tax history.

"How would my company verify/qualify this foreign company’s standing financially or credit worthieness".