Or young whippersnapper with healthy income. 

I've seen some pretty healthy asking prices for land where all entitlements were obtained & approved.Also, I do understand that there's a cost paid to the geotech, architect & city prior to approvals.But...

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

Surprisingly they have all gone up a healthy percentage since I bought.

A growing population indicates a healthy real estate market with potential for appreciation.2) Waterfront Properties: Cape Coral is a waterfront community with over 400 miles of navigable canals.

If it is, that is a healthy amount of income.Is she getting any social security?

Assuming the credit is healthy you may be able to go up to 85% loan to value. 

@Golan Corshidi if your W2 is providing a healthy surplus, you can be a bit more tolerant and "loose" a couple hundred bucks for a year one or two - if you are in a desirable neighborhood.1.)

It's your first property, you may hold it, you will probably sell it, find a healthy balance there.

Assuming credit is healthy there are lenders that will offer more favorable terms.