It seems to marketing itself as a short-term cash-flow approach to screening a tenant, versus the traditional credit and paystub/W2 approach to verifying a person's credit and income.The core issue in using automated screening systems alone is that it's possible no one is looking at the person's credit or income history or income continuance.

You'll have access to much easier financing while you still have a traditional job and it will also give you the time you need to find the brokerage that fits you best and has good in-house education. 

Interview with a few more and remember it's not like a traditional interview.

There is the traditional wholesale deal where you buy it considerably under market value and sell it to a rehabber or a landlord. 

You go through 3 months of grueling paperwork back-and-forth with the bank only to find out they won't finance the loan because you don't have traditional W-2 income.  

Please dont listen to the terrible advice that you cannot get "rid of MI," with less than 20% that is a just plain false.MI or mortgage insurance can be paid in many ways:- most common - monthly premium - this is that traditional monthly MI payment that is added each month on top of your mortgage payment taxes and insurance that is due.

That's why it is hard to find good deals with traditional financing.  

If you are going to look into any sort of traditional financing, you will have a difficult time with comps, as the zip code 19134 has a wide variety of neighborhoods.

The problem with not having actual cash in the bank, is most traditional lenders will lead you down the rosy path. 

Finance construction, convert to permanent financing with a traditional 20% down using the equity gained during construction.