@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs. 

If she gifts the home to you, you inherit he cost basis and owe all the taxes.

The appeal of having a second source of income is very appealing and I would like to be able to build wealth outside of my W2 job. 

But for consistent rental income, most investors stick with C or C+ areas.You’re probably wondering, “What exactly are the C/C+ neighborhoods?”

There are a few programs that can do second position financing but typically underwritten based on your personal income.

Wish you the best.If I was you, first step is evaluating costs associated with doing MTR and comparing with potential rental income to see if it makes sense to do LTR or MTR.

If they only make $2000 and know their income has to be $3000 or higher to qualify, they can apply elsewhere and save the $30 application fee.

The mountain house has taken almost 2 years of breaking even and using some of the income on improvements until we have been able to cash flow.

We bring/offer the mortgage loan investment to the group & handle all the servicing, including chasing the monthly payment/insurance/taxes, foreclosure, etc.

Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.