This makes the numbers easier than a traditional rental in that you don't have to account for these expenses.Another question... 

Therefore people purchase with hard money, rent the property out, and refinance out with a more traditional lender once the property has been seasoned a few months. 

The day after reading rich dad poor dad I began researching the world of real estate investing.

I looked and couldn't find any posts about this, but I play a game called 'Capital City' which is pretty much an iOS cashflow game by Rich Dad.

Build income & get rich slow. lol.My Dilemma: I have feverishly been working 3 jobs saving and looking for a new property for the past 2 years in the just outside Los Angeles city areas.

Still a major savings from the traditional format with agents, banks and escrow companies.3.  

is there a way to get a traditional mortgage?  

Would a traditional commercial bank touch a property like this with as much work as it needs? 

Quicken loans is not horrible, but using a local lender, especially for more non-traditional lending situations, just makes sense for a number of reasons.

They don't act like a traditional, emotion motivated seller.