Is it possible to increase your income with your current full time job to get the down payment yourself quicker? 

I have 140k gross income last year, no other debts, first time home buyer.

I would really enjoy learning from others investing in this region and hearing your experiences with Prop Mgrs, Contractors and Rental income. 

If you are looking to invest so it can help offset some of your mortgage or other housing costs you can always buy a nice home and add an ADU to help generate income.

If you are renting for $1200 a month and can't then you have lost that income for the year, so you are really at $1100 a month. 

It's section 8 approved and is currently bringing in about $14,000/month in rental income.

$200k is almost half the median income.

I have a prospective tenant that filled out an application.However I need some advice on qualifying this individual.The current rent is 3600The applicant is a family The Spouse doesnt work The main applicant gross W2 income is around $10000 monthThe monthly net income is $5700No car loan's No credit cards balancesThey pay $800 month on a personal loan.Since a rent check is written after net income is received.

@Rachel Waldorf How do you live with 0 income?

Politely decline those with poor credit or insufficient income.