If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

Faced with the same problem I had to begin with, credit scores aren't great and don't have a qualifying cosigner for any type of traditional loan, mortgage or any type of equity refinance or HELOC, right now at this moment.

If you are looking to use rental income instead of personal income to qualify for mortgage, you'll be looking at commercial financing.

MLS has it as a single family residence, 3 bedroom, 1.5 baths (actually has 2.5 baths), approx 1500+ sqft, 9k+ lot size, 2 car garage, back yard. 

If these groups are significant, it suggests there’s pent-up demand that could enter the market when one of two things happen:Rates Drop - Rates fall to levels that allow more buyers to qualify for the homes they want.Buyer Expectations Shift - Buyers realize that 5% rates aren’t coming back soon and decide to move forward.Based on the increase in activity I saw in Sept and Oct in my business, when rates hit low 6s, I'd say my market has plenty of pent-up demand. 

Just do a normal full loan assumption if your qualified and if your not qualified go for dscr loans even if rates higher. 

If this is your primary residence and you have an extra bedroom (or can make an extra bedroom), AirBnb can be very lucrative. 

If you can't qualify for a Heloc, maybe you will not be able to get financing for the apartment purchase.

I’m fine with immigration, but they have to be vetted and qualified.  

Investment Info:Single-family residence fix & flip investment.