This will be my first flip and finding loan officers that's willing to work with a first timer has been challenging. 

And right now lenders simply aren't writing loans for less than $50,000.That means the house must appraise for at least ~$67,000.

After recently speaking to loan professionals I have become aware of the fact that after you have a couple of properties lenders will require that you have 3-6 months of reserves for your loan payments for each properties on hand. 

It's a great way to BE the bank yourself, although you do pay simple interest to the life insurance company until you pay back the loan.

Conventional loans usually ask for at least 2 months of PITI in reserves.

One strategy might be to purchase one property with cash and one property with maximum loan. 

Accounting for additional properties, set up of depreciation schedules and reconciliation between management company cash flow statements and cost workbook and maximizing deductions for expensing loan costs."

You shouldn't be applying for two loans simultanously. 

Never send money in advance for their fee's  NEVER. thats a huge red flag that they are just out for fees and are fake lenders.2. bad or not really good written english .. on the phone they sound like they are off shore ( which they are ).3. rates  lower than market most of the fake lenders will advertise 5% rate that does not exist.4. insisting you pay for mortgage insurance  there is NO mortgage insurance on PML HML loans does not exist.While NMLS registered and state licensed is a good way to vet a lender keep in mind only 12 states require it.

You would think that every loan officer knows these loans but some specialize in other loans, etc.