Any ideas for low income housing?

Hello investors, I'm a first-time landlord who lives out of state and seeking advice.During pandemic, I purchased a rental property near Austin for around $380k with 25% down and a low interest 30yr mortgage.

We only accept good funds (money order/cashier's check) for the initial payment, and then we do electronic once the relationship has been established.

Steve, the question should be more along the lines of whether you want to build a retirement fund vs try to bring in passive income now.

It’a super low key and a great place to meet fellow investors in San Antonio! 

The first lender that I went to for a loan just told me that they can not provide me with a mortgage because my income "on paper" was too low.

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

I just have 2 questions:1) How can he eventually retain the "15% withheld" funds from the escrow account?

I’ve seen where NC has partnered with municipalities to provide federal or state funding to bring public water/sewer to under severed areas.

I know @Randall Alan mentioned the time it takes for ACH to clear but those deposits that the software deposits into the account can be taken back if the fund end up not being there.