Getting approved with no monthly income

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I am trying to get the ball rolling to purchase my first property.  However, I am currently a student and do not have any stable, monthly income.  I have been trying to find out whether or not I will be able to qualify for a mortgage given my situation.  Yesterday, I spoke with a mortgage representative from Wells Fargo and he said I would need 25% down (not a problem) and at least $1500/month in order to qualify for a low 5% loan on a $55k duplex.  Correct me if I am wrong, but I suspect that I will not be qualifying for financing through any large banks (ie. WF, Chase, etc).  This presents a problem to me as I am eager to begin investing, but I am not looking to do an all cash deal at this time.  Currently, I see my options as follows: 

1) Wait-- Obviously, this is not ideal as it would be 2 years until I graduate and enter the workforce.  However, it may be necessary if it is mandatory to have some form of reliable income. 

2) Cash-- Feasible, but I would rather invest $13,750 (25% down) rather than $55,000. 

3) Small, Regional/Community Banks-- I do not know if this would be an option.  I have not reached out to any to see if they would be willing to work with me, or if I would meet the same response as I did with Wells Fargo.

4) Private Lenders-- I know that private money lenders are more willing to take higher risk (ie. investing in someone with no track record or income), but at higher interest rates.

5) Owner Financing-- I would imagine that it is harder to find properties where the owner is willing to finance the deal, let alone a deal that is worth doing.

I would greatly appreciate advice from investors who started out young (in college) or started without any monthly income.  Thank you!