If your monthly income is $8,000, you could get approved for a mortgage payment of around $2,000–$2,500.Credit Score: For investment properties, a score above 700 is ideal.Down Payment: Investment properties generally require a 20-25% down payment, so for a $300,000 property, expect to need $60,000–$75,000 in cash.

That said, this actually works fairly nicely in some ways. 

nice, looks like a great deal

I thought maybe I could play a role by making a nice, comfortable place to live.

Hot tubs, pool tables, movie rooms, kayaks and canoes, bikes, games, nice comfortable beds, smart TV's, video games, well stocked kitchens, etc.

They have no incentive to leave the place nice if they know they’re paying more than a personal maid would charge.  

@Keagan Scott It would be nice to know the details of the property for your analysis but, I took a look at some of the backend data, it looks like only a small handful of homes in Nashville IN make over 100K.

Long story short, sold my home on 40 acres and business, made a nice profit, met an amazing man who is a contractor, got married, sold his property too and we moved to the high desert of Central Oregon near a very popular year round resort town.

@Jacqueline LeeIt’s real but the scales are not equal and heavily weighted to those with experience and their own moneySo if you have no experience and no money - your odds are low as why would someone lend you money?

Let's say it's a suburban home in a decent to nice neighborhood, ARV $200-$500k.Do you make signing a quit claim deed a part of your cash for keys agreement?