That might be the biggest hurdle - but otherwise, I'd check out "DSCR Loans" which are the perfect option for people like you looking to buy rental properties w/o W2 or DTIWe don't own any other properties other than the investment property we just purchased.

Business loans typically won't let you purchase a property if you read the fine print.

Since you will be renting it out you should get a conventional loan.

To summerize, a DSCR loan, aka lite doc or business purpose loan, uses the rents you receive on the property and divided by the new loan PITI to receive a ratio.

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

Is it smart to take out a 40 year loan to get some cash flow?  

Yes it's here https://sharon-butler.mylearnworlds.com/courses May want to check if there is a difference in the GA test 

@Sara Habtom yeah, you will absolutely have loan options.

This was through the Veterans Affairs home loan program.

If the bank will call their note if you commit to the transfer you can also check out this article as one strategy that has been used to work around the issue.This is not legal advice, just my opinion as a real estate investor.