Unemployed Veteran Applying for Investment loan (Post 9/11)

[Ramzey Farsijany]

Hello forum!

I just got out of the navy and I'm going back to school. Currently I'm getting unemployment $425 a week along with I'll be getting $3,666 as well every month while I'm in school starting September 1st since I'll be using my Post 9/11 for school. Which gives me this monthly allowance. 

That would put my monthly income around $5,300 a month. I heard you can use unemployment as "income" when applying. Is this true? Along with my monthly allowance I'll be getting every month as long as I'm in school can I use this too as income? 

The mortgage I'll be applying for won't be no more then 100K which would be for a rental property. (Duplex-Triplex type). I already have a home in California but it's being rented out for what the mortgage is. Would this effect my debt/income ratio? Or would it cancel each other out. 

Looking forward to hear from you all!