The work you've done will help justify the higher value.Not saying its impossible you've found such a deal. 

Impossible to advise, certainly a cost issue, but also the level of security isn't known.

I didnt think it was impossible, it just sounded really strange, but I can see how it might be useful in certain situations.  

Not impossible, but tough to do.

It is extremely difficult, if not impossible, to find bank or reasonable credit without a W-2 (my situation, maybe not yours) and financing real estate investments, even with a W-2 can be challenging.   

However, I think it's near impossible to be able to deploy all the funds I have because the deals are near impossible to find.  

I seriously thought that was statistically impossible.  

It has been made harder by the new lending regulations, because those regulations made it basically impossible for lenders to make money on small mortgages.But the short answer is, I saved money and then bought a house.  

My handyman (unlicensed, but over 20 years experience with low income housing non-profits) told me that his buddy (full time HVAC tech) could do it as a side-job but it was impossible to buy the unit in CA without being a licensed HVAC contractor. 

No impossible, but the low value means the bank doesn't make much money, so most lenders won't do these.A hard money lender might fund this deal.