When underwriting multifamily properties lenders will value cash flow and property value first to determine whether the property can sustain the loan, then we will look at FICO, liquidity, and experience of the investor to determine rate and terms.

There are some other creative solutions that can work.

I got started with the stock market, hoping to have sustainable cash flow over time.

Talk to a lender but more so a lender that is willing to look at your situation and attempt to look for solutions. 

I recommend finding a solution to the issue before purchasing - or passing on it. 

I've avoided all that nonsense for 20+ years by acquiring excellent newer properties in the better middle and upper middle class neighborhoods and putting into place top shelf professional management that clearly understands that everyone's life is made much easier long term by screening for only the best tenants and treating them accordingly.A very simple solution, but one that takes a bit of discipline to actually follow.

Bank of America has something called the "Affordable Loan Solution" mortgage. 

The best solution is to add toilets to your inspection list. 

Investment Info:

Townhouse buy & hold investment in Glendale.

Purchase price: $157,000

colleague was getting divorced and needed to sell. i was able to purchase off market and rent back to the seller...

My wife makes a pretty good salary, but not enough to sustain our current lifestyle on it's own (not lavish, but not bare bones either).