On the other hand, your rent payment will be part of the investment property income, so the numbers may work.Example:A fourplex costs $500,000.

The lower the cap rate, the more value buyers are placing on a given income stream. 

In fact, FL does not even have state income tax.

So, perhaps his income should look larger.

Then of course you will get to use you other income to qualify you as well.

Like if their income isn't enough, explain how you figure out if someone can afford the rent.

Will the two of us in MN get taxed twice on income tax for CA and MN?

This is a property that has 2 units and you could live in one and rent out the other unit.Regarding rental income and cash flow.

Why I Love Student HousingRent Premium - Students will typically pay 40-50% more in rental income than market rate housing.

3-4 more tenants may sound great when it comes to income, but there’s a ton of work involved with screening the applicants and maintaining the people and properties.I’m not a fan of the one bedrooms myself.