Our household income is about 80k.

But must be verified by 60 day history, and must be a gift with no requirement to pay back.Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit Property The maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.Livable Conditions The property must demonstrate the following characteristics: A continuing and sufficient supply of safe and potable water under adequate pressure and of appropriate quality for household uses.

Buyers Household income was such, that I felt the reward (extra cash flow) was acceptable.Things I learned--It took MUCH longer to find my first flip than I anticipated.

But must be verified by 60 day history, and must be a gift with no requirement to pay back.Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit Property The maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.Livable Conditions The property must demonstrate the following characteristics: A continuing and sufficient supply of safe and potable water under adequate pressure and of appropriate quality for household uses.Sanitary facilities and a safe method of sewage disposal.

And with my sister not working and being a single mother it was a tough financial household.

. * Use of non-borrowing household member income is not calculated into DTI, it's simply a compensating factor to allow DTI to go up to 50%.

If you plan on buying a multi don't look at cap rate, look at vacancy,  if it's 100% chances are its too cheep and you could probably get away with raising the rent, if it's at 50% maybe the area is terrible or the units dont fit well with the people living in the area. its a bad investment to have one bedroom units if the area's average household is +4 people. 

You might want to go with a franchise mold remediation company, yes they are expensive, but they could identify better than your household contractor.

They should talk with their case manager at the Housing Authority or whichever agency administers their Section 8.What I do know from our experience in working with Section 8 tenants, and this has happened before with one of our tenants, after one of the parties dies, the make up of the household and household income will be redetermined.

One option is Union Bank, offer a low down product for lower income households.