Conventional loans may want 20% down (though you can find ones with less), but you may qualify for an FHA 203 loan, which allows you to only give 3.5% down (though you'll have a slightly higher interest rate).Like I said, it really comes down to the cost of entry around you.  

I put in a purchase agreement, and am currently just waiting for financing to qualify.

LOTS of "Hard Money" lenders that aren't true collateral lenders, though (meaning the asset, not the borrower, is what qualifies the loan).

Lots of opinions but much fewer qualified and experienced.

Would I still be able to qualify for the FHA if i'm not planning to be a resident of the property?

I want the tenant to be good, and I want to pay a fair split for a qualified candidate if we successfully lease to them.

Wholesaling is a hands on business, so it won't qualify, bottom line you can't run day to day operations of the business.

Depends on whether you can qualify.

However you're one step closer to qualify for a Hooters franchise.

Is it a requirement to have a certain amount of years of past REI experience  to be able to qualify for a commercial loan?