You can access nearly 95% CLTV (on a primary - depending on income) and on investment properties up to 85% (full income verification) or use the proposed rental income (DSCR) usually up to 70-75% max.

Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.

You could spend some time doing market research and eventually find a niche, an underserved market that was still pretty good with stable/reliable sales, solid comps and investor interest.

Are they ususally reliable?

I don't believe a DSCR lender would transfer the obligation to a new borrower but please correct me if I am wrong..In general, it will be be a full income verification or full documentation application with the current lender directly and no other mortgage professional would be involved.

Tell her that you would need to see a year's worth of bank statements to prove the alimony payments were reliable, and since she can't provide that, then you have to deny her.And in the future, find any possible legal excuse you can to deny anyone going through a divorce or freshly divorced.  

It's important to thoroughly vet potential tenants to ensure that they are reliable and will take good care of your property. 

If you're seeking a reliable income stream, checkout Cleveland.

First 10 years I/O and fully amortized for 20 years thereafter..If it's full income verification, strong credit and a lower LTV you should be able to get there with a mild buy down..Check in with @Joseph Chiofalo for a quick second look.

The positive is that the payment is reliable.