Your best/safest bet would be a regular lease combined with an option to purchase.

I've seen VA loans close with backend DTI ratios in the 60s and low 70s.VA loans can be used for multifamily purchases with 0% down as long as the veteran will live in one of the units.

The purchase price of this property was only $170K. 

I am looking into purchasing a second (vacation) home and would love to hear your thought on the pros and cons of going a conventional 30-year second mortgage vs. using a HELOC or Home Equity Loan on my Primary Residence to purchase the second home outright. 

Do you have a track record of purchasing and operating real estate on your own?

What if I told you that you could purchase your house by only paying for 20% of the property value?

Hi NidaI am very spectacle that the purchase prices you mention are anywhere but war zones.Most worth considering will start at $100K with rehab necessary.Please bewareBest Mike

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

Do you know is it different today with the idea behind "subject to" purchasing in IL?  

It means a $100k purchase, like a home, in 1980 is exactly equal to a $368,615.38 purchase today.