Would this help me going forward?

[Sarah Jane]

Hello everyone, 
been looking from afar and wanted to make my first post as I’m ready to make my first step into the investing world!. Wanted to ask for some advice for something I put together and not sure if it could work the way I see it. I sold my property and have about 190k to invest but being self employed it’s tough working with the banks I don’t think I would even approve for something in my area. i can invest in an different city where it’s much easier to find a property that meets the 1% rule. so wanted to ask if I found a property that was under value put some Reno into it, that has cash flow after expenses plus my 20% down payment  would it now give me more buying power (easier)  for a second mortgage as the bank would now see the first mortgage is taken care of from the tenants?