Realistically make 60-75K/yr which isn't stretching the imagination too much.

Even then I have found several lenders that will stretch their numbers to make a project for you. 

HI Cort,Most of my lending business it out in OC and debt to income ratios for many borrowers have really been stretched and this is in an area where many people have very good incomes comparative to other parts of the US too.Incomes are not going up as fast as home prices are and the only real thing that is keeping affordability in check are the mortgage rates.Assuming we dont veer off the track of full doc income/credit/assets we will eventually hit the glass ceiling in terms of qualification and the market will in theory not be able to absorb inventory at the pace it has been in the last 2-3 years when this ramp up started Jan - Mar 2013.If I were you I would look at the cash on cash returns on the equity and the risk of the asset in the market that its in (Indio) and figure out where to most efficiently position that equity to achieve your preference of return, safety, and ease of management.What I do recall is that riverside and San Bernardino counties got hit really hard back in 08-11'.

Perhaps the financing terms can be stretched out to allow for higher monthly cashflow per door.

Playing with the numbers, my goal seems like a nearly impossible stretch.

It isn't a mass movement by any stretch but slowly but surely more are popping up.

Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there’s only so far they can stretch.

closing stretch on market later this month  …. 

For investors on this forum, it would not be a stretch to upgrade/move to better home in 5-8 years. 

The first RMD will put me into the next tax bracket, so I'm tempted to draw more out and put it towards a couple of multi-families with good cash flow.I also see the benefit of stretching out the RMDs and otherwise leaving the IRA alone (in funds), or maybe switching custodians so I can buy notes, flip land, etc.