You will never get a property with no money down or no interest unless you keep your mouth shut until you know what the seller needs. 

You want to leave with a good taste in your mouth so you feel confident when you buy your 2nd, 5th, 10th, etc. 

A good attorney will tell you when to shut your mouth.

(I don't think people really know what Federal Bank Examiners do...be that as it may) And I'm not advocating cheating them, I'm advocating kepping your mouth shut, sticking to your guns as your right to conduct business, to structure your transactions to the letter of the law and in such a manner as there can be no claim made, or at least won't be successful.

I feel you are as confident as the words that come out of your mouth.

As to stated income, don't let your mouth over load your ability.

Put your money where your mouth is, buy the durn property and THEN if you can flip it for a profit, we don't have a problem with that.

The first words out of your mouth in your introduction should not be a question about how to do something and should not be a "high, I'm a newbie".

Now the home is vacant, bleeding cash, making you mad, and there is now a bad-taste in your mouth.

Just be certain of your own due diligence before opening your mouth to bid.I think you need to buy lower at foreclosure auctions, but if the numbers work for you...