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.

If you've spend more than one week in any market (I'm primarily in Indy and in the midwest) then you've seen:- Houses that are "pending" and the realtor thinks closing is coming but it is being fished out- MASSIVE spam and abuses of people that get HUNDREDS of calls a day from "wholesalers"- The same deal advertised with 10 different prices- Sellers who are lied to and taken advantage of- Wholesalers lying about values, rents, etc.Yes there are ethical wholesalers for sure but our collective immune system should be stronger and there shouldn't be so many people like this. 

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

on those types of buildings its usually about 25-30% down depending on the rent roll and how healthy it is 

I'd be surprised if there is a sustainable builder in Texas that I have not at least talked to, if I don't actually know them.I am trying to develop projects that allow these folks to showcase their work so people may discover that they can live in healthy, efficient, comfortable, forever homes that don't burn,  and are insect proof and mold free. 

Lenders have expanded their guidelines to allow for up to 85% financing assuming healthy credit and income is producing above what the debt obligation would be for the home. 

I suppose you could draw up a legal agreement that states you will both agree before someone is invited, but that doesn't sound like a healthy relationship.A marriage counselor may be in order.