As mentioned before Owner Financing can be good if available or you can find a partner.If you find multiple good units then maybe you can negotiate a package deal for better pricing.

Like @Dick Stevens mentioned, before they moved in, I built a contraption with gutter guard mesh to prevent it from happening and it works well.

You need possibly to wait 30 years for the real payoff. 

I'd be happy to share my thoughts on neighborhood specific economics and even share a bit about our economics i.e. the 1% rule is achievable but you have to be willing to either wait or work for it.

I guess I should also mention I plan to be a real estate wholesaler in my area.

I'm sure they would perceive some risk in this scenario since they aren't financing the entire process, but I'm curious as to how their closing requirements (in terms of "showing the money") would change based on that scenario.3) What if I find a lender who will finance 90% LTV and 100% rehab, but my contractor is willing to wait for the draws.

Paul - this is a great plan and well thought out as @Derek Diamond mentions. 

In the book he mentions that when he takes over a property that he will put Section 8 tenants in, he immediately takes out the washer/dryer, Garbage Disposal, Ceiling Fans and Screen Doors.If it's not there when the Section 8 applicant or inspector comes through....then they have no reason to expect it.

Like everyone had mentioned here, If he is in this deal just because he wants the tax saving, he needs to be an owner.Since you already have a LLC, 1) your LLC and he can form a partnership (not even LLC) agreement to invest in this new deal.

and one guy said he wanted to buy and actually asker to finance 15k. smh. seller wasn't gonna wait for 9k. one of the buyers was a real estate agent. and he was just coming to look for his out of state buyers cuz he said it was something they may be interested in. but after coming. he said something about a non profit had bought it prior to my seller owning it. and something about the next buyer not being about to sell it for too much because of that. which i have never heard of before. have u