NINA Mortages and property control
Hello everyone, I am seeking information on how to purchase and control a property without a job or work history. I have heard of NINA mortgages but I am not sure that that is the best route. In essence I was looking to find a property where I could put down up to 10k down payment on a mortgage ( loan ) for the property then post the property online. When the right tenant reaches out and after proper vetting I could apply the sandwich lease where I make money on the down payment and the monthly rent and lock them into a 13 month and pull residual income out of the property while saving for the next. Rinse and repeat. Is this a sound plan? What kind of Loan or mortgage could I obtain with no job history but a down payment? What pitfalls might I face? I’m in Houston TX btw