If you do not have job or another sufficient source of stable, reliable income, then you'll need a coborrower with good income to be joint on the loan with you to bring the income component to the table.

Memphis has been a hot market for investors due to its affordable property prices, strong rental demand, friendly landlord laws, and steady job growth—all key fundamentals for cash-flowing investments.As an agent that always works with out-of-state investors, I know how crucial it is to have the right team in place.

They wouldn't just "change" policies without written notification.You mention a key point at the end. 

Since you’re in research mode, getting familiar with neighborhood-specific trends will be key, some areas have strong rental demand, while others can be trickier to manage. 

Have you considered Turn-key? 

Quote from @Donyea Jenkins: With this loan, do properties have to be "Turn Key" to qualify or can they be used on fixer uppers? 

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

Property management is remote so far, however I only need assistance with handing over Keys to tenants, handling repair requests and doing walk throughs at the end of the lease. 

There are four key principles that guide me:- Consistency is everything- Never stop learning- Take Action- Value relationships over everything else1) Consistency is everything There are multiple things that I do every single day- Read – 10+ minutes.

(Interest rates and equity are key factors for cash flow)2.