How would I go about getting approved with no income history?

AppFolio is great for property managers, but investors often use Stessa, REI Hub, or Buildium for tracking income, expenses, and tax reporting.

We buy at a discount and pledge our legal right to collect the debt (a collateral assignment agreement) as the collateral for the private capital loan we take out, which is backed by the value of the real estate securing the 1st loan.  

However this new feature shows my payments as income to me.

I do not have the capital for the property to pitch in, so I plan to use the investors money to secure the property.The interest rate that I will pay the investor is 5% for up to a duration of 20 years.

For many people, going from 2 incomes to one income puts a lot of strain on finances.

First of all treating rental income as a hobby is a very bad idea. 

I want to work my way into anything full time because I have a decent job now but eventually i want to have real estate/construction replace my income. 

Investing in real estate is a great way to generate passive income and wealth if you are in a position to do so.

Tax deductions / write-offs should be a second concern.There are some rules that you need to follow to treat a short-term rental as 'active'(non passive) income which would allow you to offset it against other forms of income such as rental income / wages.